MQS Management LLC Buys Shares of 5,478 Tenable Holdings, Inc. (NASDAQ:TENB)

MQS Management LLC purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,478 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also modified their holdings of TENB. Principal Securities Inc. purchased a new position in shares of Tenable in the fourth quarter valued at approximately $35,000. Quest Partners LLC purchased a new position in Tenable in the 2nd quarter valued at approximately $40,000. Fidelis Capital Partners LLC acquired a new position in shares of Tenable in the first quarter worth $58,000. Allspring Global Investments Holdings LLC increased its position in shares of Tenable by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after acquiring an additional 312 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Tenable in the first quarter valued at $189,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the sale, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Amit Yoran sold 5,673 shares of Tenable stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the sale, the chief executive officer now owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 3,383 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at $1,419,731.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,469 shares of company stock valued at $2,429,076. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Scotiabank cut their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Westpark Capital downgraded shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus lowered their price target on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Susquehanna reduced their price objective on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.67.

Tenable Stock Up 0.2 %

TENB opened at $40.37 on Friday. The stock has a market capitalization of $4.80 billion, a P/E ratio of -69.60 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. Tenable Holdings, Inc. has a one year low of $33.85 and a one year high of $53.50. The business’s 50-day simple moving average is $41.69 and its 200-day simple moving average is $43.58.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $221.24 million for the quarter, compared to analyst estimates of $218.41 million. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. Analysts anticipate that Tenable Holdings, Inc. will post -0.06 EPS 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.