Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. lifted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,568 shares of the company’s stock after acquiring an additional 10,109 shares during the period. Tenable comprises approximately 3.6% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 12th largest holding. Firetrail Investments PTY Ltd. owned about 0.25% of Tenable worth $12,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of Tenable by 17.1% during the 4th quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company’s stock valued at $48,768,000 after acquiring an additional 180,668 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Tenable during the 4th quarter valued at approximately $996,000. Oppenheimer & Co. Inc. raised its position in shares of Tenable by 3.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock valued at $616,000 after acquiring an additional 450 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Tenable by 15.1% during the 4th quarter. Handelsbanken Fonder AB now owns 31,200 shares of the company’s stock valued at $1,229,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Truist Financial Corp bought a new position in Tenable during the 4th quarter worth $1,819,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 value of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,437 shares of company stock valued at $477,918 over the last three months. Insiders own 4.30% of the company’s stock.

Tenable Trading Up 1.1 %

Shares of TENB stock opened at $38.14 on Friday. The stock has a 50-day simple moving average of $40.44 and a 200 day simple moving average of $40.95. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $50.30. The stock has a market capitalization of $4.59 billion, a P/E ratio of -127.13 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TENB shares. Jefferies Financial Group upped their price objective on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Morgan Stanley restated an “equal weight” rating and set a $47.00 price objective (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Stifel Nicolaus downgraded 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 note on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Finally, Scotiabank upped their price objective on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.67.

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.