Dark Forest Capital Management LP Purchases New Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Dark Forest Capital Management LP acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,088 shares of the company’s stock, valued at approximately $358,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Hsbc Holdings PLC lifted its position in Tenable by 13.3% during the 4th quarter. Hsbc Holdings PLC now owns 66,943 shares of the company’s stock worth $2,622,000 after acquiring an additional 7,883 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Tenable during the fourth quarter worth $35,000. MetLife Investment Management LLC lifted its position in shares of Tenable by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 71,159 shares of the company’s stock worth $2,802,000 after purchasing an additional 3,159 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Tenable in the fourth quarter valued at $10,115,000. Finally, First Trust Advisors LP grew its holdings in Tenable by 6.2% during the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock valued at $91,860,000 after purchasing an additional 137,150 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. This represents a 2.07 % 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 3,606 shares of Tenable stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 74,295 shares in the company, valued at approximately $2,858,871.60. This trade represents a 4.63 % 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 quarter. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of analyst reports. Cantor Fitzgerald began coverage on shares of Tenable in a research report on Monday, March 31st. They issued an “overweight” rating and a $50.00 price objective for the company. Jefferies Financial Group reduced their price target on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, March 31st. Stephens initiated coverage on Tenable in a report on Tuesday, April 1st. They set an “equal weight” rating and a $42.00 price objective on the stock. Scotiabank increased their target price on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley dropped their price target 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. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and an average target price of $46.72.

Tenable Stock Up 0.8 %

NASDAQ:TENB opened at $32.98 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $35.18 and a 200-day moving average of $39.15. The firm has a market capitalization of $3.96 billion, a PE ratio of -109.93 and a beta of 0.88. Tenable Holdings, Inc. has a 52 week low of $29.99 and a 52 week high of $49.18.

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

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.