38,664 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Purchased by Summit Global Investments

Summit Global Investments acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,664 shares of the company's stock, valued at approximately $1,523,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after buying an additional 652 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Tenable during the 4th quarter worth about $38,000. Nisa Investment Advisors LLC grew its position in shares of Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock valued at $108,000 after acquiring an additional 1,172 shares during the period. Pacer Advisors Inc. increased its stake in shares of Tenable by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after purchasing an additional 657 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Tenable in the 4th quarter worth about $126,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Price Performance

TENB traded down $0.46 during trading on Thursday, reaching $35.96. The company's stock had a trading volume of 596,371 shares, compared to its average volume of 924,109. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -119.87 and a beta of 0.87. The firm has a fifty day simple moving average of $39.40 and a two-hundred day simple moving average of $40.38. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 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%. As a group, analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

TENB has been the topic of several research analyst reports. Jefferies Financial Group raised their price objective on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Stifel Nicolaus lowered shares of Tenable from a "buy" rating to a "hold" rating and cut their price target for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Barclays increased their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Scotiabank boosted their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Seven equities 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 company's stock. Based on data from MarketBeat.com, Tenable has a consensus rating of "Moderate Buy" and a consensus price target of $49.20.

Insider Transactions at Tenable

In other news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the sale, the director now owns 8,659 shares of the company's stock, valued at $333,544.68. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred 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 sale, the director now directly owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,937 shares of company stock worth $570,418 in the last quarter. Company insiders own 4.30% of the company's stock.

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.