Edgestream Partners L.P. Purchases 7,715 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Edgestream Partners L.P. grew its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 186,738 shares of the company’s stock after buying an additional 7,715 shares during the quarter. Edgestream Partners L.P.’s holdings in Tenable were worth $7,354,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares during the period. Geode Capital Management LLC increased its stake in shares of Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after buying an additional 33,303 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Tenable during the fourth quarter valued at approximately $15,653,000. Nordea Investment Management AB raised its holdings in shares of Tenable by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock valued at $10,489,000 after acquiring an additional 25,247 shares in the last quarter. Finally, Fiera Capital Corp purchased a new stake in Tenable in the third quarter worth $2,494,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark C. Thurmond sold 3,606 shares of Tenable stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total transaction of $138,758.88. Following the completion of the sale, the chief executive officer now owns 74,295 shares of the company’s stock, valued at $2,858,871.60. This represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,437 shares of company stock worth $477,918 over the last 90 days. 4.30% of the stock is currently owned by insiders.

Tenable Trading Down 3.1 %

NASDAQ TENB opened at $37.33 on Friday. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $50.30. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average price is $40.19 and its 200-day moving average price is $40.84. The stock has a market cap of $4.49 billion, a P/E ratio of -124.43 and a beta of 0.87.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results 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 forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and set a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Jefferies Financial Group boosted their price target 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. Scotiabank raised their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Barclays upped their target price on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.