EntryPoint Capital LLC Purchases Shares of 9,513 Tenable Holdings, Inc. (NASDAQ:TENB)

EntryPoint Capital LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,513 shares of the company's stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp raised its position in Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company's stock valued at $118,058,000 after purchasing an additional 73,293 shares during the period. Geode Capital Management LLC increased its position in shares of Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock valued at $113,255,000 after purchasing an additional 33,303 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Tenable during the 4th quarter valued at $15,653,000. Nordea Investment Management AB lifted its position in Tenable by 10.4% in the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock worth $10,489,000 after buying an additional 25,247 shares during the last quarter. Finally, Barclays PLC boosted its stake in Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after buying an additional 177,048 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Scotiabank upped their target price on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Morgan Stanley assumed coverage on Tenable in a research note on Tuesday, March 18th. They set an "equal weight" rating and a $40.00 price target for the company. Finally, Cantor Fitzgerald started coverage on Tenable in a research report on Monday. They issued an "overweight" rating and a $50.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.13.

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Insider Buying and Selling

In other news, CEO Stephen A. Vintz sold 6,681 shares of the 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 sale, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the transaction, the director now owns 353 shares of the company's stock, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock valued at $570,418 over the last quarter. 4.30% of the stock is currently owned by company insiders.

Tenable Stock Performance

Tenable stock traded up $0.04 during mid-day trading on Monday, reaching $34.98. 1,297,193 shares of the company traded hands, compared to its average volume of 955,480. Tenable Holdings, Inc. has a fifty-two week low of $33.84 and a fifty-two week high of $50.07. The firm's fifty day moving average is $39.03 and its two-hundred day moving average is $40.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -116.60 and a beta of 0.87.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, equities research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.