Walleye Capital LLC Takes $1.89 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Walleye Capital LLC bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 48,087 shares of the company's stock, valued at approximately $1,894,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after acquiring an additional 575 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Tenable in the 4th quarter worth approximately $38,000. Larson Financial Group LLC lifted its stake in shares of Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock worth $56,000 after purchasing an additional 675 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after purchasing an additional 1,172 shares during the period. Finally, Pacer Advisors Inc. lifted 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 worth $111,000 after purchasing an additional 657 shares during the period. Institutional investors own 89.06% of the company's stock.

Tenable Stock Performance

Shares of NASDAQ:TENB traded up $0.85 on Thursday, hitting $32.63. 208,233 shares of the company were exchanged, compared to its average volume of 970,650. Tenable Holdings, Inc. has a 1-year low of $29.99 and a 1-year high of $49.18. The stock's 50 day moving average price is $35.44 and its 200 day moving average price is $39.30. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $3.92 billion, a P/E ratio of -108.73 and a beta of 0.88.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Scotiabank increased their price objective on shares of Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Stifel Nicolaus lowered shares of Tenable from a "buy" rating to a "hold" rating and cut their target price for the company from $46.00 to $45.00 in a report on Friday, January 17th. Barclays cut their target price on shares of Tenable from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.72.

Insider Buying and Selling at Tenable

In related news, CEO Mark C. Thurmond sold 3,606 shares of Tenable stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total transaction of $138,758.88. Following the transaction, the chief executive officer now owns 74,295 shares in the company, valued at approximately $2,858,871.60. This trade represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now 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. Over the last quarter, insiders sold 14,128 shares of company stock valued at $539,256. Corporate insiders own 1.50% of the company's stock.

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.