AlphaQuest LLC Has $2.07 Million Stake in Tenable Holdings, Inc. $TENB

AlphaQuest LLC increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 267.3% in the third quarter, Holdings Channel.com reports. The firm owned 71,098 shares of the company’s stock after purchasing an additional 51,739 shares during the quarter. AlphaQuest LLC’s holdings in Tenable were worth $2,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Tenable by 11.5% in the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after purchasing an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Tenable by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after buying an additional 17,349 shares during the last quarter. Jane Street Group LLC lifted its stake in Tenable by 83.6% in the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after acquiring an additional 51,266 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Tenable during the 2nd quarter worth approximately $283,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Tenable by 62.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,453 shares of the company’s stock worth $590,000 after acquiring an additional 6,689 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Transactions at Tenable

In other news, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Tenable from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Morgan Stanley set a $30.00 target price on shares of Tenable in a research report on Thursday, December 18th. Truist Financial set a $27.00 price target on shares of Tenable in a research note on Tuesday, January 20th. Canaccord Genuity Group reduced their price objective on shares of Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Piper Sandler decreased their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.71.

Tenable Stock Performance

Shares of TENB opened at $22.06 on Friday. The company has a market cap of $2.63 billion, a PE ratio of -81.70 and a beta of 0.64. The firm has a 50-day moving average of $24.26 and a 200-day moving average of $27.94. Tenable Holdings, Inc. has a one year low of $21.26 and a one year high of $43.68. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $252.44 million during the quarter, compared to analyst estimates of $247.43 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Tenable Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.