Squarepoint Ops LLC raised its position in shares of Tenable Holdings Inc (NASDAQ:TENB) by 40.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,702 shares of the company’s stock after purchasing an additional 23,520 shares during the quarter. Squarepoint Ops LLC’s holdings in Tenable were worth $1,828,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sylebra Capital Ltd increased its position in shares of Tenable by 7.0% during the 3rd quarter. Sylebra Capital Ltd now owns 2,731,792 shares of the company’s stock valued at $61,138,000 after purchasing an additional 177,684 shares during the period. Vanguard Group Inc. raised its position in Tenable by 24.8% in the second quarter. Vanguard Group Inc. now owns 2,404,372 shares of the company’s stock worth $68,622,000 after acquiring an additional 477,242 shares in the last quarter. BlackRock Inc. raised its position in Tenable by 20.4% in the second quarter. BlackRock Inc. now owns 2,204,797 shares of the company’s stock worth $62,925,000 after acquiring an additional 373,458 shares in the last quarter. Allianz Asset Management GmbH raised its position in Tenable by 3,652.8% in the second quarter. Allianz Asset Management GmbH now owns 1,093,310 shares of the company’s stock worth $31,204,000 after acquiring an additional 1,064,177 shares in the last quarter. Finally, Vista Equity Partners Management LLC lifted its holdings in Tenable by 40.1% in the 2nd quarter. Vista Equity Partners Management LLC now owns 1,023,510 shares of the company’s stock valued at $29,211,000 after acquiring an additional 292,706 shares during the last quarter. 60.08% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on TENB shares. Zacks Investment Research lowered shares of Tenable from a “buy” rating to a “hold” rating in a research report on Thursday. SunTrust Banks began coverage on shares of Tenable in a report on Wednesday, October 2nd. They issued a “hold” rating and a $25.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Tenable currently has an average rating of “Buy” and a consensus price target of $33.70.
Shares of NASDAQ TENB opened at $25.26 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. Tenable Holdings Inc has a 12 month low of $20.00 and a 12 month high of $36.26. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -18.57 and a beta of 2.72. The business has a fifty day simple moving average of $25.27 and a 200-day simple moving average of $25.59.
Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.17. Tenable had a negative return on equity of 64.46% and a negative net margin of 24.14%. The firm had revenue of $91.90 million for the quarter, compared to analysts’ expectations of $88.79 million. During the same quarter last year, the business posted ($0.14) EPS. Tenable’s revenue was up 32.4% on a year-over-year basis. As a group, sell-side analysts expect that Tenable Holdings Inc will post -0.91 EPS for the current fiscal year.
In other news, Director John C. Huffard, Jr. sold 50,000 shares of Tenable stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $25.48, for a total transaction of $1,274,000.00. Also, Director John C. Huffard, Jr. sold 25,466 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $24.98, for a total value of $636,140.68. Over the last quarter, insiders sold 130,539 shares of company stock valued at $3,424,581. Corporate insiders own 31.90% of the company’s stock.
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
See Also: Cost of Goods Sold (COGS)
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