Tufin Software Technologies (NYSE:TUFN – Get Rating) posted its quarterly earnings results on Thursday. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.01, Briefing.com reports. The firm had revenue of $29.50 million during the quarter, compared to analyst estimates of $27.72 million. Tufin Software Technologies had a negative net margin of 37.30% and a negative return on equity of 79.00%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.22) earnings per share.

Tufin Software Technologies Trading Down 0.2 %

Shares of Tufin Software Technologies stock opened at $12.33 on Friday. Tufin Software Technologies has a 1-year low of $7.59 and a 1-year high of $13.00. The firm's 50-day moving average price is $12.40 and its two-hundred day moving average price is $11.36. The stock has a market capitalization of $453.37 million, a price-to-earnings ratio of -10.54 and a beta of 0.87.

Hedge Funds Weigh In On Tufin Software Technologies

Several large investors have recently bought and sold shares of TUFN. Edenbrook Capital LLC raised its holdings in Tufin Software Technologies by 140.6% in the first quarter. Edenbrook Capital LLC now owns 1,839,204 shares of the company's stock worth $16,424,000 after purchasing an additional 1,074,845 shares during the period. EVR Research LP raised its holdings in Tufin Software Technologies by 89.6% in the first quarter. EVR Research LP now owns 2,161,000 shares of the company's stock worth $19,298,000 after purchasing an additional 1,021,000 shares during the period. Millennium Management LLC raised its holdings in Tufin Software Technologies by 139.5% in the second quarter. Millennium Management LLC now owns 1,376,746 shares of the company's stock worth $17,292,000 after purchasing an additional 801,905 shares during the period. Goldman Sachs Group Inc. raised its holdings in Tufin Software Technologies by 945.7% in the second quarter. Goldman Sachs Group Inc. now owns 325,962 shares of the company's stock worth $4,094,000 after purchasing an additional 294,789 shares during the period. Finally, Divisar Capital Management LLC raised its holdings in Tufin Software Technologies by 25.8% in the first quarter. Divisar Capital Management LLC now owns 1,276,827 shares of the company's stock worth $11,402,000 after purchasing an additional 261,734 shares during the period. 57.61% of the stock is currently owned by institutional investors and hedge funds.

Tufin Software Technologies Company Profile

Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, the Asia Pacific, and internationally. The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface, and ensure continuous compliance across the network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.

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