Tudor Investment Corp ET AL Makes New $1.63 Million Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Tudor Investment Corp ET AL acquired a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,256 shares of the company's stock, valued at approximately $1,625,000.

Several other hedge funds have also recently modified their holdings of TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Tenable in the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Tenable in the 4th quarter worth about $38,000. Johnson Financial Group Inc. purchased a new stake in shares of Tenable during the 4th quarter valued at about $53,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after acquiring an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 3,606 shares of Tenable stock in a transaction 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 approximately $2,858,871.60. The trade was a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the 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 sale, the chief executive officer now owns 316,523 shares of the company's stock, 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. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 in the last 90 days. Insiders own 1.50% of the company's stock.

Tenable Stock Performance

Shares of TENB stock opened at $30.77 on Monday. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of -102.57 and a beta of 0.83. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company's 50 day moving average is $34.47 and its 200 day moving average is $38.78.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. During the same period in the previous year, the company posted $0.25 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TENB has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Wells Fargo & Company cut their price target on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald started coverage on Tenable in a report on Monday, March 31st. They set an "overweight" rating and a $50.00 price objective for the company. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.44.

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.

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