Tenable Holdings, Inc. (NASDAQ:TENB) Position Boosted by Xponance Inc.

Xponance Inc. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,021 shares of the company’s stock after purchasing an additional 562 shares during the period. Xponance Inc.’s holdings in Tenable were worth $316,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TENB. Norges Bank bought a new position in shares of Tenable during the fourth quarter worth about $54,950,000. Shapiro Capital Management LLC lifted its position in shares of Tenable by 647.5% during the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company’s stock worth $41,745,000 after purchasing an additional 918,235 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares during the last quarter. Penserra Capital Management LLC raised its stake in Tenable by 47.6% during the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company’s stock worth $59,031,000 after acquiring an additional 544,375 shares during the period. Finally, Alyeska Investment Group L.P. raised its stake in Tenable by 904.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company’s stock worth $16,427,000 after acquiring an additional 375,581 shares during the period. Institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the topic of several research reports. Barclays increased their price objective on shares of Tenable from $33.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Jefferies Financial Group dropped their price objective on shares of Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company dropped their price objective on shares of Tenable from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. DA Davidson dropped their price objective 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. Finally, UBS Group dropped their price target on shares of Tenable from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.78.

Insider Buying and Selling

In related news, insider Barron Anschutz sold 1,245 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $39,815.10. Following the completion of the transaction, the insider owned 57,905 shares of the company’s stock, valued at approximately $1,851,801.90. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen A. Vintz sold 6,499 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $207,838.02. Following the completion of the transaction, the chief executive officer directly owned 331,394 shares of the company’s stock, valued at $10,597,980.12. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,815 shares of company stock valued at $669,797. Company insiders own 1.50% of the company’s stock.

Tenable Trading Down 0.8%

Shares of NASDAQ:TENB opened at $33.04 on Friday. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of -89.29 and a beta of 0.80. Tenable Holdings, Inc. has a 1-year low of $28.75 and a 1-year high of $49.18. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average price of $32.92 and a 200 day moving average price of $35.54.

Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The firm had revenue of $239.14 million during the quarter, compared to analysts’ expectations of $234.12 million. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, research analysts anticipate 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.