Walleye Capital LLC Makes New $1.89 Million Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Walleye Capital LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 48,087 shares of the company’s stock, valued at approximately $1,894,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TENB. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 575 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Tenable during the 4th quarter valued at $38,000. Larson Financial Group LLC boosted its stake in Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after acquiring an additional 675 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock worth $111,000 after purchasing an additional 657 shares during the period. Institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,128 shares of company stock worth $539,256. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TENB. Jefferies Financial Group cut their price objective on shares of Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Truist Financial reduced their price objective on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Stephens initiated coverage on Tenable in a report on Tuesday, April 1st. They issued an “equal weight” rating and a $42.00 target price on the stock. Cantor Fitzgerald began coverage on shares of Tenable in a research note on Monday, March 31st. They set an “overweight” rating and a $50.00 price target for the company. Finally, Barclays lowered their price objective on shares of Tenable from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.71.

Tenable Stock Performance

TENB stock opened at $31.44 on Friday. The business has a 50 day moving average of $35.93 and a 200-day moving average of $39.50. The firm has a market cap of $3.78 billion, a PE ratio of -104.80 and a beta of 0.88. Tenable Holdings, Inc. has a 12-month low of $30.50 and a 12-month high of $49.18. 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 (EPS) 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%. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Tenable Company Profile

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.