Walleye Capital LLC Acquires New Shares in Tenable Holdings, Inc. (NASDAQ:TENB)

Walleye Capital LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENBFree Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 48,087 shares of the company’s stock, valued at approximately $1,894,000.

Several other institutional investors have also recently made changes to their positions in TENB. Barclays PLC raised its stake in shares of Tenable by 5.3% during the 4th quarter. Barclays PLC now owns 770,138 shares of the company’s stock valued at $30,327,000 after purchasing an additional 38,512 shares during the period. Summit Investment Advisors Inc. grew its holdings in Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company’s stock valued at $486,000 after buying an additional 390 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tenable during the fourth quarter valued at about $2,687,000. Renaissance Group LLC lifted its holdings in shares of Tenable by 10.9% in the fourth quarter. Renaissance Group LLC now owns 72,508 shares of the company’s stock worth $2,852,000 after buying an additional 7,105 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Tenable by 2.2% in the fourth quarter. Legal & General Group Plc now owns 421,517 shares of the company’s stock valued at $16,599,000 after acquiring an additional 9,275 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Down 1.7 %

Shares of NASDAQ:TENB opened at $31.44 on Friday. Tenable Holdings, Inc. has a 12-month low of $30.50 and a 12-month high of $49.18. 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’s 50-day moving average price is $35.93 and its 200-day moving average price is $39.50. The stock has a market capitalization of $3.78 billion, a P/E ratio of -104.80 and a beta of 0.88.

Tenable (NASDAQ:TENBGet Free Report) last announced its quarterly earnings results 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%. On average, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. 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 over the last three months. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of Tenable in a research report on Monday, March 31st. They set an “overweight” rating and a $50.00 price target for the company. Scotiabank upped their target price on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and dropped their price target for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Barclays decreased their price objective on shares of Tenable from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley cut 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. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable has an average rating of “Moderate Buy” and a consensus target price of $46.71.

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About Tenable

(Free Report)

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.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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