Graham Capital Management L.P. Makes New $3.91 Million Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Graham Capital Management L.P. acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 99,198 shares of the company's stock, valued at approximately $3,906,000. Graham Capital Management L.P. owned about 0.08% of Tenable as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TENB. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after buying an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Tenable during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Tenable during the fourth quarter worth about $38,000. Johnson Financial Group Inc. purchased a new position in shares of Tenable during the fourth quarter worth about $53,000. Finally, Larson Financial Group LLC grew its holdings in shares of Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock worth $56,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Price Performance

Shares of Tenable stock traded down $0.50 during trading on Wednesday, hitting $32.99. 843,944 shares of the company were exchanged, compared to its average volume of 1,052,273. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -109.97 and a beta of 0.83. The firm has a 50 day moving average price of $33.58 and a 200 day moving average price of $38.30.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Tenable's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. On average, equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TENB. JPMorgan Chase & Co. reduced their price objective on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Westpark Capital restated a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird reduced their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.

Insider Activity

In other news, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares of the company's stock, valued at $1,632,482.96. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Kay Zecher sold 2,500 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. This represents a 87.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock valued at $539,256 in the last ninety days. Company insiders own 1.50% of the company's stock.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.