Bryce Point Capital LLC Takes $1.37 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Bryce Point Capital LLC acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,698 shares of the company’s stock, valued at approximately $1,366,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares during the last quarter. State Street Corp increased its position in shares of Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after acquiring an additional 73,293 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tenable by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock valued at $110,416,000 after acquiring an additional 8,746 shares during the period. Norges Bank purchased a new position in shares of Tenable during the 4th quarter worth approximately $54,950,000. Finally, Fisher Asset Management LLC increased its holdings in Tenable by 17.1% in the 4th quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company’s stock valued at $48,768,000 after purchasing an additional 180,668 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the topic of a number of research reports. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Morgan Stanley initiated coverage on Tenable in a report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of Tenable in a research note on Monday. They set an “overweight” rating and a $50.00 price target on the stock. Stephens assumed coverage on shares of Tenable in a research note on Tuesday. They issued an “equal weight” rating and a $42.00 price objective for the company. Finally, Barclays upped their target price on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.76.

Tenable Stock Up 0.5 %

TENB opened at $35.17 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a one year low of $33.84 and a one year high of $50.07. The business’s 50-day simple moving average is $38.91 and its 200-day simple moving average is $40.28. The stock has a market capitalization of $4.23 billion, a P/E ratio of -117.23 and a beta of 0.87.

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%. Analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mark C. Thurmond sold 3,606 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the sale, the chief executive officer now directly owns 74,295 shares of the company’s stock, valued at approximately $2,858,871.60. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,937 shares of company stock worth $570,418 in the last quarter. Company insiders own 4.30% of the company’s stock.

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.