Versor Investments LP Purchases Shares of 25,300 Tenable Holdings, Inc. (NASDAQ:TENB)

Versor Investments LP purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,300 shares of the company’s stock, valued at approximately $996,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TENB. Covestor Ltd increased its stake in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after buying an additional 652 shares during the period. Nisa Investment Advisors LLC boosted 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 worth $108,000 after buying an additional 1,172 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of 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 buying an additional 657 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Tenable during the 4th quarter worth about $126,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Price Performance

TENB stock opened at $37.74 on Friday. The company has a 50 day simple moving average of $40.56 and a 200 day simple moving average of $40.99. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of -125.80 and a beta of 0.87. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB) last released its quarterly earnings data 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%. Research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 1,341 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly owns 41,266 shares in the company, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 8,659 shares in the company, 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. In the last ninety days, insiders sold 5,756 shares of company stock worth $222,972. 4.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 target price (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays boosted their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.67.

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.