Trexquant Investment LP Purchases New Shares in Tenable Holdings, Inc. (NASDAQ:TENB)

Trexquant Investment LP acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 283,635 shares of the company’s stock, valued at approximately $11,170,000. Trexquant Investment LP owned about 0.24% of Tenable at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Tenable by 19.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 76,523 shares of the company’s stock valued at $3,101,000 after purchasing an additional 12,635 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tenable by 0.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after buying an additional 457 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Tenable by 1.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 257,586 shares of the company’s stock valued at $10,437,000 after acquiring an additional 4,249 shares in the last quarter. Paloma Partners Management Co bought a new position in Tenable during the 3rd quarter valued at $253,000. Finally, Centiva Capital LP acquired a new position in Tenable during the 3rd quarter worth $608,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley began coverage on Tenable in a research report on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Barclays lifted their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.76.

Tenable Trading Down 0.0 %

NASDAQ:TENB opened at $35.16 on Thursday. Tenable Holdings, Inc. has a 1 year low of $33.84 and a 1 year high of $50.07. The business has a fifty day moving average of $38.77 and a 200-day moving average of $40.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -117.20 and a beta of 0.87.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Equities analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now owns 353 shares of the company’s stock, valued at $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the sale, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,937 shares of company stock valued at $570,418 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

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.