Schonfeld Strategic Advisors LLC Acquires 32,214 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Schonfeld Strategic Advisors LLC lifted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 377.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,750 shares of the company's stock after purchasing an additional 32,214 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Tenable were worth $1,605,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Barclays PLC boosted its holdings in shares of Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after buying an additional 177,048 shares during the period. Virtu Financial LLC bought a new stake in Tenable in the 3rd quarter valued at $282,000. Tidal Investments LLC boosted its stake in Tenable by 19.4% in the 3rd quarter. Tidal Investments LLC now owns 31,518 shares of the company's stock worth $1,277,000 after purchasing an additional 5,116 shares during the period. Franklin Resources Inc. increased its holdings in Tenable by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 448,586 shares of the company's stock worth $18,984,000 after purchasing an additional 30,530 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Tenable by 10.4% during 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 owned by institutional investors.

Insider Buying and Selling

In other news, CEO Mark C. Thurmond sold 3,606 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total transaction of $138,758.88. Following the completion of the sale, the chief executive officer now directly owns 74,295 shares in the company, valued at approximately $2,858,871.60. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. This trade represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,128 shares of company stock valued at $539,256. Insiders own 1.50% of the company's stock.

Tenable Stock Performance

Shares of NASDAQ:TENB traded up $1.41 on Monday, hitting $32.93. The company had a trading volume of 433,581 shares, compared to its average volume of 1,034,294. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -109.62 and a beta of 0.83. The stock has a 50 day moving average price of $33.83 and a 200 day moving average price of $38.43. Tenable Holdings, Inc. has a 1-year low of $28.75 and a 1-year 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.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The business had revenue of $239.14 million for 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%. Tenable's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. Analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of research reports. Westpark Capital restated a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. 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 research note on Wednesday, April 30th. Scotiabank decreased their price target on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Morgan Stanley reduced their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tenable has a consensus rating of "Moderate Buy" and a consensus target price of $40.44.

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.