Melqart Asset Management UK Ltd Makes New $3.23 Million Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Melqart Asset Management UK Ltd bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, Holdings Channel reports. The fund bought 82,036 shares of the company’s stock, valued at approximately $3,231,000.

Several other institutional investors also recently modified their holdings of TENB. Barclays PLC raised its position in shares of Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after acquiring an additional 177,048 shares during the last quarter. Virtu Financial LLC acquired a new position in Tenable in the third quarter valued at about $282,000. Tidal Investments LLC boosted its holdings in Tenable by 19.4% during the third quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock worth $1,277,000 after buying an additional 5,116 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Tenable by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock worth $18,984,000 after buying an additional 30,530 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Tenable by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock valued at $10,489,000 after acquiring an additional 25,247 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 0.8 %

TENB stock opened at $32.98 on Friday. The business’s 50-day moving average is $35.18 and its two-hundred day moving average is $39.17. Tenable Holdings, Inc. has a fifty-two week low of $29.99 and a fifty-two week high of $49.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -109.93 and a beta of 0.88.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

TENB has been the topic of several analyst reports. Jefferies Financial Group cut their target price on shares of Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, March 31st. Truist Financial decreased their target price on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Finally, UBS Group dropped their target price on shares of Tenable from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and an average target price of $46.72.

Insider Activity

In other Tenable news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares in the company, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now owns 353 shares of the company’s stock, valued at $13,061. The trade was a 87.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is currently owned by corporate insiders.

Tenable Profile

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.