46,589 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,589 shares of the company’s stock, valued at approximately $1,835,000.

A number of other large investors also recently modified their holdings of TENB. Norges Bank acquired a new stake in Tenable in the 4th quarter valued at $54,950,000. Vanguard Group Inc. lifted its holdings in shares of Tenable by 5.3% in the fourth 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 in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Tenable in the fourth quarter valued at approximately $15,653,000. Alyeska Investment Group L.P. lifted its holdings in shares of Tenable by 904.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company’s stock valued at $16,427,000 after purchasing an additional 375,581 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Tenable by 2.0% in the fourth quarter. FMR LLC now owns 15,515,164 shares of the company’s stock valued at $610,987,000 after purchasing an additional 304,237 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insider Activity

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the business’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 transaction, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at approximately $12,078,517.68. The trade was a 2.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable 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 sale, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group reduced their price target on shares of Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, March 31st. Finally, Truist Financial reduced their price target on shares of Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Eight research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.44.

Tenable Price Performance

Shares of NASDAQ TENB opened at $33.48 on Tuesday. The firm has a 50-day simple moving average of $33.73 and a 200-day simple moving average of $38.37. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -111.60 and a beta of 0.83. 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.

Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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 company had revenue of $239.14 million during the quarter, compared to analysts’ expectations of $234.12 million. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.