8,713 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,713 shares of the company's stock, valued at approximately $343,000.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 acquiring an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Tenable during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Tenable during the fourth quarter worth about $38,000. Johnson Financial Group Inc. acquired a new position in Tenable during the fourth quarter worth about $53,000. Finally, Larson Financial Group LLC increased its stake in shares of Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after buying an additional 675 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on TENB shares. Truist Financial decreased their target price on shares of Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, March 31st. DA Davidson cut their target price on Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Cantor Fitzgerald began coverage on Tenable in a report on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price on the stock. Wells Fargo & Company cut their target price on Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Scotiabank cut their target price on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tenable currently has an average rating of "Moderate Buy" and an average price target of $40.44.

Tenable Stock Performance

TENB traded up $0.04 during trading on Tuesday, hitting $32.69. 1,066,708 shares of the company traded hands, compared to its average volume of 1,051,162. The firm has a market cap of $3.99 billion, a P/E ratio of -108.97 and a beta of 0.83. The stock's fifty day moving average is $33.32 and its 200 day moving average is $38.08. 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 one year low of $28.75 and a one year high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.03% and a negative return on equity of 2.07%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, equities analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 353 shares of the company's stock, valued at $13,061. The trade was a 87.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is owned by company insiders.

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.