Tenable Holdings, Inc. (NASDAQ:TENB) Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 29.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,882 shares of the company’s stock after purchasing an additional 22,000 shares during the quarter. Quantbot Technologies LP’s holdings in Tenable were worth $3,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Global Investments acquired a new stake in shares of Tenable during the 4th quarter valued at $1,523,000. Teacher Retirement System of Texas raised its position in shares of Tenable by 64.5% during the fourth quarter. Teacher Retirement System of Texas now owns 23,933 shares of the company’s stock worth $942,000 after purchasing an additional 9,385 shares during the period. Xponance Inc. lifted its holdings in shares of Tenable by 9.9% during the fourth quarter. Xponance Inc. now owns 8,459 shares of the company’s stock valued at $333,000 after purchasing an additional 763 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Tenable by 10.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 38,273 shares of the company’s stock valued at $1,507,000 after purchasing an additional 3,600 shares during the period. Finally, Cibc World Markets Corp purchased a new position in Tenable in the 4th quarter worth about $435,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Morgan Stanley assumed coverage on Tenable in a research report on Tuesday. They issued an “equal weight” rating and a $40.00 target price for the company. Finally, Barclays upped their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tenable has an average rating of “Moderate Buy” and a consensus price target of $49.20.

Tenable Price Performance

NASDAQ TENB opened at $36.25 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.36 billion, a PE ratio of -120.83 and a beta of 0.87. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $50.30. The company has a 50 day moving average price of $39.57 and a two-hundred day moving average price of $40.44.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (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%. As a group, equities analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares in the company, valued at $1,632,482.96. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,937 shares of company stock valued at $570,418. Insiders own 4.30% of the company’s stock.

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.