Hilton Capital Management LLC Buys 1,532 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Hilton Capital Management LLC boosted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 35,268 shares of the company’s stock after buying an additional 1,532 shares during the quarter. Hilton Capital Management LLC’s holdings in Tenable were worth $1,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TENB. Covestor Ltd boosted its stake in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in Tenable by 9.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 47,912 shares of the company’s stock worth $1,941,000 after purchasing an additional 4,182 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Tenable during the third quarter valued at approximately $341,000. Aigen Investment Management LP purchased a new position in shares of Tenable during the third quarter valued at approximately $580,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Tenable by 59.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 15,754 shares of the company’s stock valued at $638,000 after buying an additional 5,883 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now owns 353 shares of the company’s stock, valued at approximately $13,061. The trade was a 87.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the transaction, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TENB. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Scotiabank boosted their target price on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Barclays upped their price target on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price objective (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Finally, Jefferies Financial Group upped their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.67.

Tenable Stock Down 2.6 %

Shares of Tenable stock opened at $35.25 on Friday. 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 has a market cap of $4.24 billion, a P/E ratio of -117.50 and a beta of 0.87. The firm’s 50 day moving average price is $39.87 and its 200-day moving average price is $40.64. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $50.30.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.