One68 Global Capital LLC Takes Position in Tenable Holdings, Inc. (NASDAQ:TENB)

One68 Global Capital LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company's stock, valued at approximately $591,000.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its position in Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after acquiring an additional 177,048 shares during the last quarter. Virtu Financial LLC acquired a new stake in Tenable in the third quarter worth about $282,000. Tidal Investments LLC grew its stake in shares of Tenable by 19.4% during the third quarter. Tidal Investments LLC now owns 31,518 shares of the company's stock worth $1,277,000 after acquiring an additional 5,116 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Tenable by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 448,586 shares of the company's stock valued at $18,984,000 after purchasing an additional 30,530 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Tenable by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock worth $10,489,000 after purchasing an additional 25,247 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares of the company's stock, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock worth $539,256 over the last 90 days. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TENB. JPMorgan Chase & Co. cut their price objective on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday. Barclays cut their price objective on shares of Tenable from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald began coverage on shares of Tenable in a research note on Monday, March 31st. They issued an "overweight" rating and a $50.00 price objective on the stock. Jefferies Financial Group cut their price objective on shares of Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Finally, Scotiabank raised their price target on shares of Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.53.

Tenable Price Performance

Shares of NASDAQ TENB opened at $33.68 on Wednesday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -112.27 and a beta of 0.88. Tenable Holdings, Inc. has a twelve month low of $27.18 and a twelve month high of $49.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average of $34.95 and a two-hundred day moving average of $39.05.

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

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.

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