Balyasny Asset Management L.P. Buys Shares of 93,594 Tenable Holdings, Inc. (NASDAQ:TENB)

Balyasny Asset Management L.P. bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, HoldingsChannel reports. The firm bought 93,594 shares of the company’s stock, valued at approximately $3,686,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Tenable in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Tenable in the 4th quarter valued at approximately $38,000. Johnson Financial Group Inc. bought a new stake in Tenable during the fourth quarter worth approximately $53,000. Finally, Larson Financial Group LLC boosted its position in Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after purchasing an additional 675 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TENB. Wells Fargo & Company decreased their target price on Tenable from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley decreased their target price on Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald began coverage on Tenable in a research report on Monday, March 31st. They set an “overweight” rating and a $50.00 target price for the company. Jefferies Financial Group decreased their target price on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, March 31st. Finally, Robert W. Baird decreased their target price on Tenable from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.44.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at approximately $12,078,517.68. This trade represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock valued at $539,256 over the last ninety days. 1.50% of the stock is owned by company insiders.

Tenable Stock Down 0.8%

TENB opened at $31.75 on Monday. Tenable Holdings, Inc. has a 1-year low of $28.75 and a 1-year high of $49.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of -105.83 and a beta of 0.83. The business has a 50 day moving average of $33.83 and a 200-day moving average of $38.43.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The company had revenue of $239.14 million during the quarter, compared to analysts’ expectations of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Tenable’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

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.