EntryPoint Capital LLC Purchases Shares of 9,513 Tenable Holdings, Inc. (NASDAQ:TENB)

EntryPoint Capital LLC acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,513 shares of the company’s stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors have also modified their holdings of TENB. Larson Financial Group LLC raised its holdings in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after buying an additional 652 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Tenable in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after acquiring an additional 1,172 shares in the last quarter. Pacer Advisors Inc. boosted its position in Tenable by 30.3% during 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. Finally, R Squared Ltd acquired a new stake in Tenable in the 4th quarter valued at $126,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Down 1.0 %

NASDAQ:TENB opened at $36.42 on Thursday. The stock has a 50-day simple moving average of $39.40 and a 200 day simple moving average of $40.38. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -121.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 fiscal year.

Insider Buying and Selling at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares in the company, valued at $1,632,482.96. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,937 shares of company stock valued at $570,418. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Scotiabank upped their target price on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Morgan Stanley initiated coverage on Tenable in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Barclays upped their target price on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group lifted their price target on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.20.

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.