Inceptionr LLC Takes $723,000 Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Inceptionr LLC bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,355 shares of the company's stock, valued at approximately $723,000.

A number of other large investors also recently bought and sold shares of TENB. Raymond James Financial Inc. purchased a new position in Tenable in the fourth quarter worth $2,687,000. Arizona State Retirement System raised its holdings in Tenable by 1.0% during the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock worth $1,361,000 after purchasing an additional 332 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tenable by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 992,094 shares of the company's stock worth $39,069,000 after purchasing an additional 15,799 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Tenable during the fourth quarter worth $38,000. Finally, Firetrail Investments PTY Ltd. grew its holdings in Tenable by 3.4% in the fourth quarter. Firetrail Investments PTY Ltd. now owns 304,568 shares of the company's stock valued at $12,037,000 after purchasing an additional 10,109 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Buying and Selling at Tenable

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the firm's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the transaction, the director now directly owns 8,659 shares of the company's stock, valued at $333,544.68. This trade represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the completion of the sale, the chief executive officer now owns 74,295 shares of the company's stock, valued at approximately $2,858,871.60. This trade represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,437 shares of company stock valued at $477,918 over the last ninety days. Corporate insiders own 4.30% of the company's stock.

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Tenable Trading Up 1.5 %

Shares of TENB traded up $0.53 during mid-day trading on Tuesday, hitting $36.71. The company had a trading volume of 1,668,902 shares, compared to its average volume of 916,422. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $50.30. The business's 50-day simple moving average is $40.07 and its 200-day simple moving average is $40.74. The stock has a market cap of $4.42 billion, a PE ratio of -122.37 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

TENB has been the topic of several recent research reports. Jefferies Financial Group boosted their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Barclays lifted their price objective on Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Stifel Nicolaus lowered Tenable from a "buy" rating to a "hold" rating and reduced their target price for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Finally, Scotiabank raised their price target on Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tenable currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.67.

Tenable 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.