Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 25,000 Tenable Holdings, Inc. (NASDAQ:TENB)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the company's stock, valued at approximately $1,090,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Tenable during the 2nd quarter worth $2,144,000. Dana Investment Advisors Inc. increased its holdings in Tenable by 7.9% during the second quarter. Dana Investment Advisors Inc. now owns 40,131 shares of the company's stock valued at $1,749,000 after buying an additional 2,931 shares during the period. Creative Planning raised its stake in Tenable by 12.1% in the second quarter. Creative Planning now owns 9,541 shares of the company's stock worth $416,000 after buying an additional 1,031 shares in the last quarter. Algert Global LLC lifted its holdings in Tenable by 23.3% during the second quarter. Algert Global LLC now owns 62,986 shares of the company's stock worth $2,745,000 after buying an additional 11,896 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Tenable during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Transactions at Tenable

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

Tenable Stock Up 1.4 %

Shares of Tenable stock traded up $0.56 during trading hours on Tuesday, hitting $41.00. The company had a trading volume of 489,281 shares, compared to its average volume of 920,648. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company's 50-day moving average is $40.90 and its two-hundred day moving average is $43.03. The company has a market cap of $4.87 billion, a P/E ratio of -70.41 and a beta of 0.83.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TENB shares. Wells Fargo & Company cut their target price on Tenable from $60.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, August 1st. Piper Sandler lowered their target price on shares of Tenable from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, August 1st. Scotiabank lowered their price objective on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. Westpark Capital lowered Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. Finally, Susquehanna reduced their price objective on Tenable from $60.00 to $48.00 and set a "positive" rating for the company in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.67.

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.