State of New Jersey Common Pension Fund D Has $3.37 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

State of New Jersey Common Pension Fund D grew its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 9.3% in the 4th quarter, Holdings Channel reports. The firm owned 73,193 shares of the company’s stock after acquiring an additional 6,230 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Tenable were worth $3,371,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TENB. Dakota Wealth Management bought a new position in Tenable during the 3rd quarter worth approximately $210,000. Raymond James & Associates raised its holdings in Tenable by 4.8% during the 3rd quarter. Raymond James & Associates now owns 17,336 shares of the company’s stock worth $777,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Tenable by 2.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 45,740 shares of the company’s stock worth $2,049,000 after purchasing an additional 904 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Tenable by 0.9% during the 3rd quarter. Mackenzie Financial Corp now owns 3,021,637 shares of the company’s stock worth $131,955,000 after purchasing an additional 27,875 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in Tenable by 7.7% during the 3rd quarter. Emerald Advisers LLC now owns 795,198 shares of the company’s stock worth $35,625,000 after purchasing an additional 56,677 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of TENB stock opened at $45.99 on Friday. The firm has a fifty day simple moving average of $47.40 and a two-hundred day simple moving average of $45.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.19. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $213.31 million for the quarter, compared to the consensus estimate of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. Analysts expect that Tenable Holdings, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TENB shares. Needham & Company LLC restated a “buy” rating and set a $62.00 price target on shares of Tenable in a report on Tuesday. Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a research note on Wednesday, April 10th. Stephens lifted their price objective on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, January 12th. Finally, Truist Financial lifted their price objective on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.20.

Insiders Place Their Bets

In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of Tenable stock in a transaction on Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the transaction, the director now directly owns 2 shares of the company’s stock, valued at approximately $101.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of Tenable stock in a transaction on Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the transaction, the director now directly owns 2 shares of the company’s stock, valued at approximately $101.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen A. Vintz sold 15,505 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the completion of the transaction, the chief financial officer now directly owns 257,924 shares in the company, valued at $12,782,713.44. The disclosure for this sale can be found here. Insiders have sold 317,382 shares of company stock valued at $15,021,615 in the last three months. 4.30% of the stock is currently owned by insiders.

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.