Dean Capital Investments Management LLC increased its position in shares of Tenable Holdings Inc (NASDAQ:TENB) by 27.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,757 shares of the company’s stock after purchasing an additional 6,378 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Tenable were worth $666,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in Tenable during the second quarter worth $31,000. Bank of Montreal Can raised its holdings in Tenable by 1,850.0% during the second quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock worth $124,000 after purchasing an additional 4,107 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Tenable by 333.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,668 shares of the company’s stock worth $105,000 after purchasing an additional 3,592 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Tenable during the first quarter worth $244,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Tenable by 40.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock worth $259,000 after purchasing an additional 2,630 shares during the last quarter. 53.39% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Deutsche Bank set a $38.00 price objective on Tenable and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Wednesday, October 30th. SunTrust Banks began coverage on Tenable in a research report on Wednesday, October 2nd. They set a “hold” rating and a $25.00 price target for the company. Macquarie began coverage on Tenable in a research report on Tuesday, July 16th. They set a “neutral” rating and a $35.00 price target for the company. Finally, Wedbush reissued a “buy” rating and set a $44.00 price target on shares of Tenable in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.91.
In other Tenable news, Director John C. Huffard, Jr. sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $25.48, for a total transaction of $1,274,000.00. Also, Director John C. Huffard, Jr. sold 25,466 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $24.98, for a total value of $636,140.68. 31.90% of the stock is currently owned by insiders.
Shares of NASDAQ:TENB traded up $0.31 during midday trading on Tuesday, reaching $26.39. The company’s stock had a trading volume of 810 shares, compared to its average volume of 677,874. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -19.40 and a beta of 2.72. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.05. Tenable Holdings Inc has a 1 year low of $20.00 and a 1 year high of $36.26. The business has a 50 day moving average price of $23.12 and a 200 day moving average price of $26.07.
Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.17. The business had revenue of $91.90 million during the quarter, compared to the consensus estimate of $88.79 million. Tenable had a negative return on equity of 64.40% and a negative net margin of 24.14%. The business’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Sell-side analysts anticipate that Tenable Holdings Inc will post -0.87 earnings per share for the current fiscal year.
Tenable Company Profile
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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