Graham Capital Management L.P. Acquires Shares of 99,198 Tenable Holdings, Inc. (NASDAQ:TENB)

Graham Capital Management L.P. bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 99,198 shares of the company’s stock, valued at approximately $3,906,000. Graham Capital Management L.P. owned about 0.08% of Tenable at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TENB. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Tenable in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in Tenable in the 4th quarter worth about $38,000. Johnson Financial Group Inc. bought a new position in Tenable during the 4th quarter valued at about $53,000. Finally, Larson Financial Group LLC lifted its stake in Tenable by 89.9% during the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after acquiring an additional 675 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Down 0.8 %

NASDAQ TENB opened at $31.75 on Friday. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.88 billion, a PE ratio of -105.83 and a beta of 0.83. The stock’s 50 day moving average is $33.83 and its 200 day moving average is $38.45.

Tenable (NASDAQ:TENB) last released its earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TENB. JPMorgan Chase & Co. lowered their price objective on shares of Tenable from $53.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Morgan Stanley lowered their price target on Tenable from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Scotiabank cut their price objective on Tenable from $45.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, April 30th. DA Davidson lowered their target price on Tenable from $45.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group cut their price target on Tenable from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.44.

Insider Transactions at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 353 shares of the company’s stock, valued at approximately $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,128 shares of company stock valued at $539,256. 1.50% of the stock is currently owned by insiders.

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.