Graham Capital Management L.P. Acquires Shares of 99,198 Tenable Holdings, Inc. (NASDAQ:TENB)

Graham Capital Management L.P. bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the 4th quarter, Holdings Channel reports. The firm bought 99,198 shares of the company’s stock, valued at approximately $3,906,000.

Other large investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Tenable by 31.9% in the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after acquiring an additional 177,048 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Tenable by 7.3% during the third quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock valued at $18,984,000 after purchasing an additional 30,530 shares during the period. Fulton Bank N.A. grew its holdings in shares of Tenable by 12.3% in the fourth quarter. Fulton Bank N.A. now owns 9,209 shares of the company’s stock worth $363,000 after purchasing an additional 1,007 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Tenable in the 4th quarter worth about $15,653,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after buying an additional 1,172 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on TENB shares. DA Davidson dropped their target price on shares of Tenable from $45.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Wednesday, April 30th. Needham & Company LLC decreased their target price on Tenable from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Scotiabank dropped their price target on Tenable from $45.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 30th. Finally, UBS Group decreased their price objective on Tenable from $47.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.44.

Tenable Stock Performance

TENB opened at $31.75 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. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The company has a market cap of $3.88 billion, a P/E ratio of -105.83 and a beta of 0.83. The firm’s 50-day moving average price is $33.83 and its 200-day moving average price is $38.45.

Tenable (NASDAQ:TENB) last released its earnings results on Tuesday, April 29th. The company reported $0.36 EPS 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 firm had revenue of $239.14 million during the quarter, compared to the consensus estimate of $234.12 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total transaction of $138,758.88. Following the sale, the chief executive officer now directly owns 74,295 shares in the company, valued at approximately $2,858,871.60. The trade was a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock valued at $539,256 over the last 90 days. 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.