15,421 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Acquired by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the second quarter, HoldingsChannel reports. The fund bought 15,421 shares of the company’s stock, valued at approximately $672,000.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in shares of Tenable by 43.0% in the second quarter. Hsbc Holdings PLC now owns 24,127 shares of the company’s stock valued at $1,045,000 after acquiring an additional 7,254 shares in the last quarter. First Washington CORP raised its stake in Tenable by 50.6% in the 2nd quarter. First Washington CORP now owns 113,319 shares of the company’s stock valued at $4,938,000 after purchasing an additional 38,074 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in Tenable by 155.7% in the 2nd quarter. Edgestream Partners L.P. now owns 58,500 shares of the company’s stock valued at $2,549,000 after purchasing an additional 35,618 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Tenable during the 2nd quarter worth about $7,740,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Tenable by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 68,192 shares of the company’s stock worth $2,972,000 after buying an additional 858 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Truist Financial restated a “buy” rating and set a $55.00 target price (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Westpark Capital downgraded Tenable from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird dropped their target price on Tenable from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Baird R W raised Tenable to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned 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 $52.67.

Tenable Stock Performance

NASDAQ:TENB opened at $40.37 on Friday. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of -69.60 and a beta of 0.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The firm’s fifty day simple moving average is $41.69 and its 200 day simple moving average is $43.58.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. As a group, equities research analysts expect that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Tenable

In other news, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at $1,419,731.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Tenable news, CEO Amit Yoran sold 40,000 shares of Tenable stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the sale, the chief executive officer now directly owns 387,356 shares in the company, valued at approximately $18,484,628.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at $1,419,731.14. The disclosure for this sale can be found here. Insiders sold 52,469 shares of company stock valued at $2,429,076 over the last 90 days. 4.30% of the stock is owned by corporate insiders.

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.