Jane Street Group LLC Has $2.42 Million Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Jane Street Group LLC decreased its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 83.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 61,328 shares of the company's stock after selling 303,819 shares during the period. Jane Street Group LLC owned about 0.05% of Tenable worth $2,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Tenable in the fourth quarter worth approximately $54,950,000. Vanguard Group Inc. boosted its stake in Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after purchasing an additional 708,249 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Tenable in the 4th quarter valued at approximately $15,653,000. FMR LLC increased its position in Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after buying an additional 304,237 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Tenable during the fourth quarter worth approximately $11,170,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TENB. Truist Financial decreased their target price on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group reduced their price objective on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, March 31st. Morgan Stanley dropped their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. UBS Group reduced their target price on Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Barclays dropped their target price on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Eight 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.

Tenable Stock Performance

Tenable stock traded down $0.26 during trading hours on Wednesday, hitting $32.44. The company had a trading volume of 90,449 shares, compared to its average volume of 1,047,385. The firm has a 50-day moving average of $33.32 and a 200 day moving average of $38.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $3.96 billion, a PE ratio of -108.27 and a beta of 0.83. 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 earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company had revenue of $239.14 million during the quarter, compared to the consensus estimate of $234.12 million. During the same quarter last year, the firm earned $0.25 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In related news, CEO Mark C. Thurmond sold 3,606 shares of Tenable stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the transaction, the chief executive officer now directly owns 74,295 shares of the company's stock, valued at $2,858,871.60. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. This represents a 2.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,787 shares of company stock worth $486,206. Corporate insiders own 1.50% of the company's stock.

Tenable Company 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.