CHURCHILL MANAGEMENT Corp Buys New Position in Tenable Holdings, Inc. (NASDAQ:TENB)

CHURCHILL MANAGEMENT Corp bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,064 shares of the company’s stock, valued at approximately $1,239,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fulton Bank N.A. increased its position in shares of Tenable by 4.1% during the 1st quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock worth $374,000 after purchasing an additional 295 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Tenable by 51.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 47,997 shares of the company’s stock worth $2,372,000 after purchasing an additional 16,330 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tenable by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock worth $576,248,000 after purchasing an additional 259,552 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Tenable by 18.7% during the 4th quarter. Fisher Asset Management LLC now owns 347,236 shares of the company’s stock worth $15,994,000 after purchasing an additional 54,664 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of Tenable during the 4th quarter worth approximately $32,199,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling

In related news, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total transaction of $41,727.53. Following the completion of the sale, the chief operating officer now directly owns 32,906 shares in the company, valued at approximately $1,446,876.82. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, COO Mark C. Thurmond sold 2,219 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $43.76, for a total transaction of $97,103.44. Following the completion of the sale, the chief operating officer now directly owns 30,335 shares in the company, valued at approximately $1,327,459.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total value of $41,727.53. Following the sale, the chief operating officer now owns 32,906 shares of the company’s stock, valued at $1,446,876.82. The disclosure for this sale can be found here. Insiders sold a total of 39,637 shares of company stock worth $1,817,611 in the last ninety days. 4.30% of the stock is owned by insiders.

Tenable Stock Performance

NASDAQ:TENB opened at $40.33 on Friday. The stock has a fifty day moving average price of $43.33 and a 200-day moving average price of $45.75. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -69.53 and a beta of 0.84. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The firm had revenue of $215.96 million during the quarter, compared to the consensus estimate of $213.56 million. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. As a group, equities analysts anticipate that Tenable Holdings, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on TENB shares. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Tenable in a report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $62.00 target price on shares of Tenable in a report on Friday, June 14th. Finally, Scotiabank started coverage on Tenable in a report on Friday, April 26th. They set a “sector perform” rating and a $47.00 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.20.

Tenable Company 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.