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66,000 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Acquired by Cadian Capital Management LP

Defense World ·  09/10 19:01

Cadian Capital Management LP purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 66,000 shares of the company's stock, valued at approximately $3,814,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Tenable by 2.1% during the 1st quarter. Invesco Ltd. now owns 44,503 shares of the company's stock worth $2,572,000 after buying an additional 930 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Tenable during the 1st quarter worth approximately $27,346,000. Lazard Asset Management LLC grew its stake in Tenable by 169.3% during the 1st quarter. Lazard Asset Management LLC now owns 15,719 shares of the company's stock worth $908,000 after buying an additional 9,881 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Tenable during the 1st quarter worth approximately $471,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Tenable during the 1st quarter worth approximately $9,270,000. Hedge funds and other institutional investors own 87.67% of the company's stock.

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Tenable Price Performance

TENB opened at $41.68 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.47 and a quick ratio of 1.47. The business has a 50 day simple moving average of $43.28 and a 200-day simple moving average of $49.20. Tenable Holdings, Inc. has a 12 month low of $36.24 and a 12 month high of $63.61.

Tenable (NASDAQ:TENB – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The firm had revenue of $164.34 million for the quarter, compared to analyst estimates of $163.47 million. Tenable had a negative return on equity of 33.54% and a negative net margin of 12.97%. On average, research analysts anticipate that Tenable Holdings, Inc. will post -0.51 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Canaccord Genuity Group decreased their price objective on Tenable from $65.00 to $56.00 in a research report on Wednesday, July 27th. BTIG Research decreased their price objective on Tenable from $73.00 to $58.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. The Goldman Sachs Group decreased their price objective on Tenable from $71.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, August 2nd. Barclays decreased their price objective on Tenable from $58.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, July 27th. Finally, Wedbush decreased their price objective on Tenable from $70.00 to $57.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Fifteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, Tenable currently has a consensus rating of "Buy" and an average target price of $56.64.

Insider Buying and Selling

In related news, CEO Amit Yoran sold 9,427 shares of Tenable stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $47.70, for a total transaction of $449,667.90. Following the completion of the transaction, the chief executive officer now directly owns 109,847 shares of the company's stock, valued at $5,239,701.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Arthur W. Coviello, Jr. sold 19,166 shares of Tenable stock in a transaction on Friday, July 1st. The stock was sold at an average price of $45.77, for a total transaction of $877,227.82. Following the completion of the transaction, the director now directly owns 25,879 shares of the company's stock, valued at $1,184,481.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Amit Yoran sold 9,427 shares of the firm's stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $47.70, for a total value of $449,667.90. Following the transaction, the chief executive officer now directly owns 109,847 shares of the company's stock, valued at approximately $5,239,701.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,495 shares of company stock valued at $3,322,911. 4.80% of the stock is owned by insiders.

Tenable Profile

(Get Rating)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

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Want to see what other hedge funds are holding TENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating).

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