SG Americas Securities LLC Buys Shares of 2,748 Tenable Holdings, Inc. (NASDAQ:TENB)

SG Americas Securities LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,748 shares of the company’s stock, valued at approximately $127,000.

A number of other institutional investors have also added to or reduced their stakes in TENB. Parkside Financial Bank & Trust purchased a new position in Tenable during the 1st quarter valued at about $25,000. NBC Securities Inc. purchased a new position in shares of Tenable in the 3rd quarter worth approximately $27,000. Captrust Financial Advisors grew its position in shares of Tenable by 81.0% in the 2nd quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock worth $36,000 after buying an additional 354 shares during the last quarter. Shell Asset Management Co. purchased a new position in shares of Tenable in the 3rd quarter worth approximately $138,000. Finally, State of Tennessee Treasury Department purchased a new position in shares of Tenable in the 4th quarter worth approximately $143,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a research report on Wednesday, April 10th. Susquehanna boosted their target price on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Morgan Stanley raised shares of Tenable from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $60.00 in a research report on Tuesday, January 9th. Needham & Company LLC reissued a “buy” rating and set a $62.00 target price on shares of Tenable in a research report on Tuesday, March 19th. Finally, Westpark Capital raised shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.63.

Tenable Stock Performance

Shares of NASDAQ TENB opened at $44.38 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The company has a 50 day simple moving average of $48.16 and a two-hundred day simple moving average of $45.10. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of -65.26 and a beta of 0.94.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The business had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. As a group, analysts predict that Tenable Holdings, Inc. will post -0.12 earnings per share for the current year.

Insider Activity at Tenable

In related news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the transaction, the director now directly owns 2 shares in the company, valued at approximately $101.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Amit Yoran sold 33,201 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.90, for a total value of $1,590,327.90. Following the completion of the transaction, the chief executive officer now directly owns 291,532 shares in the company, valued at approximately $13,964,382.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the sale, the director now directly owns 2 shares of the company’s stock, valued at approximately $101.50. The disclosure for this sale can be found here. Insiders sold a total of 350,583 shares of company stock worth $16,611,943 in the last three months. Company insiders own 4.50% of the company’s stock.

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.