Firetrail Investments PTY Ltd. Invests $6.16 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

Firetrail Investments PTY Ltd. purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,208 shares of the company's stock, valued at approximately $6,163,000. Tenable accounts for about 4.5% of Firetrail Investments PTY Ltd.'s investment portfolio, making the stock its 10th biggest position. Firetrail Investments PTY Ltd. owned about 0.11% of Tenable at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TENB. Raymond James & Associates increased its holdings in shares of Tenable by 4.8% in the third quarter. Raymond James & Associates now owns 17,336 shares of the company's stock worth $777,000 after purchasing an additional 800 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Tenable by 2.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 45,740 shares of the company's stock valued at $2,049,000 after acquiring an additional 904 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Tenable by 169.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,638 shares of the company's stock valued at $297,000 after acquiring an additional 4,172 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Tenable by 64.4% in the third quarter. Teacher Retirement System of Texas now owns 24,309 shares of the company's stock valued at $1,089,000 after acquiring an additional 9,524 shares during the last quarter. Finally, Duality Advisers LP bought a new position in Tenable in the third quarter valued at $679,000. Institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TENB shares. Stephens raised their price objective on Tenable from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Scotiabank started coverage on Tenable in a research note on Friday, April 26th. They set a "sector perform" rating and a $47.00 price objective on the stock. Susquehanna raised their price objective on Tenable from $55.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, February 8th. Wells Fargo & Company raised their price objective on Tenable from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Finally, Truist Financial raised their price objective on Tenable from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Tenable has a consensus rating of "Moderate Buy" and a consensus target price of $57.20.

Insider Activity

In other news, COO Mark C. Thurmond sold 1,089 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total transaction of $51,977.97. Following the completion of the sale, the chief operating officer now owns 48,846 shares of the company's stock, valued at approximately $2,331,419.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Tenable news, CFO Stephen A. Vintz sold 5,216 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.22, for a total value of $241,083.52. Following the sale, the chief financial officer now owns 238,593 shares in the company, valued at approximately $11,027,768.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 1,089 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total transaction of $51,977.97. Following the completion of the sale, the chief operating officer now owns 48,846 shares in the company, valued at approximately $2,331,419.58. The disclosure for this sale can be found here. Insiders sold a total of 310,806 shares of company stock valued at $14,701,441 in the last 90 days. Company insiders own 4.30% of the company's stock.

Tenable Stock Performance

Shares of TENB stock traded up $0.02 during mid-day trading on Monday, reaching $44.02. 890,728 shares of the company's stock traded hands, compared to its average volume of 922,206. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The firm has a 50 day moving average price of $46.56 and a two-hundred day moving average price of $45.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $5.23 billion, a PE ratio of -75.90 and a beta of 0.94.

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.