Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,882 shares of the company’s stock after acquiring an additional 22,000 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Tenable worth $3,776,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TENB. Readystate Asset Management LP purchased a new position in shares of Tenable in the third quarter valued at $24,660,000. Assenagon Asset Management S.A. purchased a new position in Tenable in the 4th quarter valued at about $15,653,000. FMR LLC boosted its position in Tenable by 2.0% in the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Tenable by 28.0% during the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock valued at $37,294,000 after acquiring an additional 201,366 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Tenable by 430.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock worth $9,771,000 after acquiring an additional 201,360 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Transactions at Tenable

In other news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the firm’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 transaction, the director now owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TENB shares. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays raised their price objective 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. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Finally, Morgan Stanley began coverage on shares of Tenable in a research report on Tuesday. They set an “equal weight” rating and a $40.00 price target on the stock. Seven research 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 stock. According to data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.20.

Tenable Stock Up 0.3 %

TENB stock opened at $36.25 on Friday. The stock has a market cap of $4.36 billion, a PE ratio of -120.83 and a beta of 0.87. The firm’s 50-day simple moving average is $39.57 and its 200 day simple moving average is $40.44. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $50.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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

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.