Fox Run Management L.L.C. Invests $218,000 in Tenable Holdings, Inc. (NASDAQ:TENB)

Fox Run Management L.L.C. acquired a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, HoldingsChannel reports. The firm acquired 5,525 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its position in shares of Tenable by 1.0% during the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock worth $1,361,000 after buying an additional 332 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Tenable by 3.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock worth $616,000 after purchasing an additional 450 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tenable by 0.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after purchasing an additional 457 shares during the period. Larson Financial Group LLC boosted its stake in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares during the period. Institutional investors own 89.06% of the company’s stock.

Tenable Trading Down 2.8 %

NASDAQ TENB opened at $34.94 on Friday. The firm’s 50 day moving average price is $39.15 and its two-hundred day moving average price is $40.32. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -116.47 and a beta of 0.87. Tenable Holdings, Inc. has a twelve month low of $34.66 and a twelve month high of $50.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays raised their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Morgan Stanley initiated coverage on shares of Tenable in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 target price on the stock. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.20.

Insider Transactions at Tenable

In related news, CEO Stephen A. Vintz sold 6,681 shares of Tenable stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares in the company, valued at approximately $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock valued at $570,418 over the last three months. 4.30% of the stock is owned by corporate insiders.

Tenable Company 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.