Readystate Asset Management LP Purchases Shares of 699,059 Tenable Holdings, Inc. (NASDAQ:TENB)

Readystate Asset Management LP purchased a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 699,059 shares of the company's stock, valued at approximately $32,199,000. Tenable comprises 1.1% of Readystate Asset Management LP's investment portfolio, making the stock its 13th biggest holding. Readystate Asset Management LP owned 0.60% of Tenable at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tenable by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 891,486 shares of the company's stock valued at $41,062,000 after buying an additional 79,539 shares during the period. Spouting Rock Asset Management LLC lifted its holdings in shares of Tenable by 3.8% in the 4th quarter. Spouting Rock Asset Management LLC now owns 30,884 shares of the company's stock valued at $1,423,000 after buying an additional 1,139 shares during the period. Chartwell Investment Partners LLC lifted its holdings in shares of Tenable by 4.7% in the 4th quarter. Chartwell Investment Partners LLC now owns 43,359 shares of the company's stock valued at $1,998,000 after buying an additional 1,964 shares during the period. Barclays PLC lifted its holdings in shares of Tenable by 49.6% in the 4th quarter. Barclays PLC now owns 628,852 shares of the company's stock valued at $28,965,000 after buying an additional 208,375 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Tenable by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company's stock valued at $576,248,000 after buying an additional 259,552 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Trading Down 2.9 %

NASDAQ:TENB traded down $1.33 during trading hours on Wednesday, reaching $44.38. 869,589 shares of the stock were exchanged, compared to its average volume of 963,296. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average of $48.16 and a two-hundred day moving average of $45.10. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of -65.26 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.06. The firm had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. On average, equities analysts predict that Tenable Holdings, Inc. will post -0.12 EPS for the current year.

Insider Activity at Tenable

In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of Tenable stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the sale, the director now directly owns 2 shares of the company's stock, valued at approximately $101.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of Tenable stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the sale, the director now directly owns 2 shares of the company's stock, valued at approximately $101.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.56, for a total value of $768,427.80. Following the sale, the chief financial officer now directly owns 257,924 shares of the company's stock, valued at $12,782,713.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 351,383 shares of company stock worth $16,650,143. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TENB. Morgan Stanley raised Tenable from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $46.00 to $60.00 in a report on Tuesday, January 9th. Wedbush reissued an "outperform" rating and set a $65.00 target price on shares of Tenable in a report on Wednesday, April 10th. Susquehanna increased their target price on Tenable from $55.00 to $60.00 and gave the company a "positive" rating in a report on Thursday, February 8th. Westpark Capital raised Tenable from a "hold" rating to a "buy" rating and set a $65.00 target price for the company in a report on Friday, January 12th. Finally, Stephens increased their target price on Tenable from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.63.

Tenable Profile

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.

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