ExodusPoint Capital Management LP Purchases 289,823 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

ExodusPoint Capital Management LP raised its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 97.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 585,913 shares of the company’s stock after acquiring an additional 289,823 shares during the quarter. ExodusPoint Capital Management LP owned about 0.51% of Tenable worth $25,517,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TENB. Harvest Fund Management Co. Ltd acquired a new stake in Tenable in the first quarter worth $94,000. Acadian Asset Management LLC acquired a new position in Tenable during the 1st quarter worth approximately $417,000. Nordea Investment Management AB boosted its holdings in Tenable by 3.6% in the second quarter. Nordea Investment Management AB now owns 312,350 shares of the company’s stock worth $13,772,000 after acquiring an additional 10,905 shares in the last quarter. Macquarie Group Ltd. grew its stake in Tenable by 15.3% in the first quarter. Macquarie Group Ltd. now owns 888,453 shares of the company’s stock valued at $42,210,000 after acquiring an additional 118,072 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in shares of Tenable by 30.4% during the first quarter. Artemis Investment Management LLP now owns 825,402 shares of the company’s stock valued at $39,147,000 after acquiring an additional 192,592 shares in the last quarter. 88.13% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of NASDAQ TENB traded up $0.16 during midday trading on Monday, hitting $39.64. The company’s stock had a trading volume of 179,480 shares, compared to its average volume of 888,406. The stock has a fifty day moving average price of $42.65 and a 200 day moving average price of $42.54. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -58.06 and a beta of 1.15. Tenable Holdings, Inc. has a one year low of $33.85 and a one year high of $49.77. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.05.

Insider Buying and Selling at Tenable

In other news, COO Mark C. Thurmond sold 2,584 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $43.42, for a total value of $112,197.28. Following the completion of the transaction, the chief operating officer now directly owns 37,613 shares of the company’s stock, valued at $1,633,156.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Mark C. Thurmond sold 6,368 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.93, for a total transaction of $235,170.24. Following the sale, the chief operating officer now owns 43,427 shares of the company’s stock, valued at approximately $1,603,759.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark C. Thurmond sold 2,584 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $43.42, for a total transaction of $112,197.28. Following the completion of the transaction, the chief operating officer now directly owns 37,613 shares of the company’s stock, valued at $1,633,156.46. The disclosure for this sale can be found here. Insiders have sold 63,112 shares of company stock valued at $2,813,852 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TENB. Canaccord Genuity Group lifted their price target on shares of Tenable from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, September 8th. TheStreet raised shares of Tenable from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Barclays lowered their target price on shares of Tenable from $47.00 to $41.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Piper Sandler cut their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. raised Tenable from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $51.00 to $56.00 in a research note on Monday, September 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.38.

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.