SG Americas Securities LLC Invests $1.28 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

SG Americas Securities LLC bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,525 shares of the company’s stock, valued at approximately $1,277,000.

A number of other hedge funds have also recently added to or reduced their stakes in TENB. Vanguard Group Inc. grew its position in Tenable by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock valued at $620,018,000 after purchasing an additional 32,535 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Tenable by 12.7% during the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares during the last quarter. RGM Capital LLC increased its position in shares of Tenable by 4.5% during the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after acquiring an additional 153,127 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Tenable by 20.2% in the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock worth $172,575,000 after acquiring an additional 585,559 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock valued at $78,650,000 after acquiring an additional 593,529 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Trading Up 1.4 %

NASDAQ:TENB opened at $41.59 on Thursday. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $40.69 and its 200 day moving average is $42.97. The stock has a market capitalization of $4.95 billion, a PE ratio of -71.71 and a beta of 0.83.

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

Insider Activity at Tenable

In other news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the transaction, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the sale, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amit Yoran sold 5,673 shares of Tenable stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,469 shares of company stock worth $2,429,076. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Westpark Capital cut Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Baird R W upgraded shares of Tenable to a “strong-buy” rating in a research note on Monday, July 15th. Canaccord Genuity Group dropped their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Barclays cut their price target on shares of Tenable from $57.00 to $49.00 and set an “equal weight” 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.