SG Americas Securities LLC Buys New Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

SG Americas Securities LLC bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,748 shares of the company’s stock, valued at approximately $127,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust acquired a new stake in Tenable in the first quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in Tenable in the third quarter valued at approximately $27,000. Captrust Financial Advisors raised its holdings in Tenable by 81.0% in the second quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 354 shares in the last quarter. Shell Asset Management Co. purchased a new position in Tenable in the third quarter valued at approximately $138,000. Finally, Mirabella Financial Services LLP purchased a new position in Tenable in the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TENB. Stephens increased their price target on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Truist Financial increased their price target on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday, January 12th. Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $46.00 to $60.00 in a research note on Tuesday, January 9th. Finally, Susquehanna increased their price target on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.63.

Insider Buying and Selling

In related news, CEO Amit Yoran sold 33,201 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the completion of the sale, the chief executive officer now directly owns 291,532 shares of the company’s stock, valued at $13,964,382.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Tenable news, COO Mark C. Thurmond sold 1,089 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total transaction of $51,977.97. Following the sale, the chief operating officer now directly owns 48,846 shares in the company, valued at approximately $2,331,419.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amit Yoran sold 33,201 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the sale, the chief executive officer now owns 291,532 shares in the company, valued at $13,964,382.80. The disclosure for this sale can be found here. Insiders sold a total of 350,583 shares of company stock valued at $16,611,943 over the last three months. 4.50% of the stock is currently owned by company insiders.

Tenable Price Performance

Shares of NASDAQ TENB opened at $44.38 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a fifty day moving average price of $48.16 and a 200 day moving average price of $45.10. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50. The company has a market cap of $5.27 billion, a PE ratio of -65.26 and a beta of 0.94.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. The firm had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. Sell-side analysts forecast that Tenable Holdings, Inc. will post -0.12 EPS for the current year.

About Tenable

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.