First Trust Advisors LP decreased its stake in Tenable Holdings Inc (NASDAQ:TENB) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 484,314 shares of the company’s stock after selling 79,948 shares during the period. First Trust Advisors LP’s holdings in Tenable were worth $11,604,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Sylebra Capital Ltd raised its position in shares of Tenable by 7.0% in the third quarter. Sylebra Capital Ltd now owns 2,731,792 shares of the company’s stock valued at $61,138,000 after purchasing an additional 177,684 shares during the period. State Street Corp raised its position in shares of Tenable by 0.5% in the third quarter. State Street Corp now owns 702,140 shares of the company’s stock valued at $15,714,000 after purchasing an additional 3,805 shares during the period. FMR LLC raised its position in shares of Tenable by 336.7% in the first quarter. FMR LLC now owns 678,769 shares of the company’s stock valued at $21,489,000 after purchasing an additional 523,335 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in shares of Tenable by 7.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 558,060 shares of the company’s stock valued at $12,489,000 after purchasing an additional 39,825 shares during the period. Finally, Railway Pension Investments Ltd raised its position in shares of Tenable by 36.3% in the fourth quarter. Railway Pension Investments Ltd now owns 372,018 shares of the company’s stock valued at $8,914,000 after purchasing an additional 98,994 shares during the period. 60.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:TENB opened at $28.17 on Friday. The company has a 50 day moving average of $26.32 and a 200 day moving average of $24.57. The stock has a market cap of $2.77 billion, a P/E ratio of -27.35 and a beta of 2.57. Tenable Holdings Inc has a 12 month low of $20.77 and a 12 month high of $36.26. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.31.
Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $94.27 million. Tenable had a negative net margin of 27.92% and a negative return on equity of 67.45%. Tenable’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) earnings per share. On average, equities analysts forecast that Tenable Holdings Inc will post -1.01 earnings per share for the current fiscal year.
In other Tenable news, CEO Amit Yoran sold 1,244 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $27.83, for a total value of $34,620.52. Following the completion of the transaction, the chief executive officer now owns 1,431,498 shares of the company’s stock, valued at approximately $39,838,589.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Huffard, Jr. sold 15,350 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $26.54, for a total transaction of $407,389.00. Following the completion of the transaction, the director now directly owns 2,173 shares of the company’s stock, valued at approximately $57,671.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,073 shares of company stock valued at $1,514,440. 31.90% of the stock is owned by corporate insiders.
TENB has been the topic of several research reports. Zacks Investment Research raised shares of Tenable from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 8th. JPMorgan Chase & Co. raised shares of Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Wednesday, October 30th. BidaskClub raised shares of Tenable from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, ValuEngine raised shares of Tenable from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $34.00.
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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