AQR Capital Management LLC Has $4.15 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

AQR Capital Management LLC raised its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 474.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,280 shares of the company's stock after buying an additional 86,962 shares during the quarter. AQR Capital Management LLC owned approximately 0.09% of Tenable worth $4,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TENB. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Tenable by 858.2% during the 4th 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 stake in shares of Tenable during the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable during the fourth quarter valued at about $38,000. Johnson Financial Group Inc. acquired a new position in shares of Tenable in the fourth quarter worth about $53,000. Finally, Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 675 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Stock Performance

Shares of Tenable stock traded up $0.01 on Tuesday, reaching $33.49. The stock had a trading volume of 1,994,107 shares, compared to its average volume of 1,051,181. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The business's 50-day moving average price is $33.73 and its two-hundred day moving average price is $38.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $4.09 billion, a P/E ratio of -111.63 and a beta of 0.83.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

TENB has been the topic of a number of recent analyst reports. Stephens lowered shares of Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Truist Financial cut their price target on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Cantor Fitzgerald began coverage on Tenable in a research report on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price on the stock. Morgan Stanley decreased their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird dropped their target price on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.44.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on 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 sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. The trade was 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 at this link. Also, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 owns 74,295 shares in the company, valued at $2,858,871.60. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock worth $539,256 in the last quarter. Insiders own 1.50% of the company's stock.

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.