IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 122,106 shares of the company’s stock after purchasing an additional 17,261 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.10% of Tenable worth $4,809,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 575 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares during the period. SBI Securities Co. Ltd. bought a new position in Tenable during the 4th quarter worth approximately $38,000. Nisa Investment Advisors LLC increased its stake in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after purchasing an additional 1,172 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TENB shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Jefferies Financial Group boosted their price objective on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Morgan Stanley began coverage on shares of Tenable in a report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 target price for the company. Barclays boosted their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable presently has a consensus rating of “Moderate Buy” and an average price target of $49.20.

Insiders Place Their Bets

In other news, Director Raymond Jr. Vicks sold 809 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the sale, the director now directly owns 8,659 shares of the company’s stock, valued at $333,544.68. The trade was a 8.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 directly owns 353 shares of the company’s stock, valued at approximately $13,061. This trade represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,937 shares of company stock worth $570,418. 4.30% of the stock is currently owned by company insiders.

Tenable Price Performance

Shares of TENB stock opened at $36.42 on Thursday. The business’s fifty day moving average is $39.40 and its 200 day moving average is $40.38. 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 cap of $4.38 billion, a price-to-earnings ratio of -121.40 and a beta of 0.87. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $50.30.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share 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%. Research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal 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.