15,421 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Acquired by Seven Eight Capital LP

Seven Eight Capital LP purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,421 shares of the company’s stock, valued at approximately $672,000.

Other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC grew its stake in Tenable by 43.0% during the 2nd quarter. Hsbc Holdings PLC now owns 24,127 shares of the company’s stock worth $1,045,000 after purchasing an additional 7,254 shares in the last quarter. First Washington CORP grew its position in shares of Tenable by 50.6% during the second quarter. First Washington CORP now owns 113,319 shares of the company’s stock worth $4,938,000 after buying an additional 38,074 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of Tenable by 155.7% during the second quarter. Edgestream Partners L.P. now owns 58,500 shares of the company’s stock worth $2,549,000 after buying an additional 35,618 shares during the period. Renaissance Technologies LLC acquired a new stake in Tenable in the second quarter valued at approximately $7,740,000. Finally, Dimensional Fund Advisors LP lifted its stake in Tenable by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 68,192 shares of the company’s stock worth $2,972,000 after acquiring an additional 858 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling

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

Tenable Stock Up 0.2 %

TENB stock opened at $40.37 on Friday. The stock has a market capitalization of $4.80 billion, a PE ratio of -69.60 and a beta of 0.83. The company has a fifty day moving average of $41.69 and a 200-day moving average of $43.58. 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.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. The firm had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. As a group, analysts expect that Tenable Holdings, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TENB. Susquehanna lowered their target price on shares of Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research note on Thursday, August 1st. Scotiabank dropped their price objective on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Piper Sandler lowered their price target on Tenable from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Canaccord Genuity Group reduced their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Stifel Nicolaus dropped their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.67.

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.