Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 43.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,127 shares of the company’s stock after purchasing an additional 7,254 shares during the period. Hsbc Holdings PLC’s holdings in Tenable were worth $1,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Tenable in the second quarter valued at about $40,000. Fidelis Capital Partners LLC acquired a new position in shares of Tenable in the first quarter valued at approximately $58,000. Allspring Global Investments Holdings LLC raised its stake in shares of Tenable by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after purchasing an additional 312 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Tenable during the first quarter worth $189,000. Finally, Quadrature Capital Ltd purchased a new position in Tenable in the 1st quarter valued at $300,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tenable

In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 34,079 shares of the company’s stock, valued at $1,419,731.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the transaction, the chief executive officer now owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark C. Thurmond sold 3,383 shares of Tenable 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 completion of the sale, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at $1,419,731.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,469 shares of company stock valued at $2,429,076. 4.30% of the stock is owned by corporate insiders.

Tenable Price Performance

Tenable stock opened at $39.92 on Friday. The firm has a market capitalization of $4.75 billion, a PE ratio of -68.83 and a beta of 0.83. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The firm’s 50-day simple moving average is $41.22 and its 200 day simple moving average is $43.37. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that Tenable Holdings, Inc. will post -0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on TENB. Baird R W upgraded shares of Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Stifel Nicolaus reduced their price objective on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Susquehanna dropped their target price on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Friday, September 13th. Finally, Westpark Capital downgraded Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.