State of New Jersey Common Pension Fund D Has $3.37 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

State of New Jersey Common Pension Fund D increased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 9.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 73,193 shares of the company’s stock after purchasing an additional 6,230 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Tenable worth $3,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TENB. Dakota Wealth Management acquired a new position in Tenable in the 3rd quarter worth approximately $210,000. Raymond James & Associates boosted its stake in Tenable by 4.8% in the 3rd quarter. Raymond James & Associates now owns 17,336 shares of the company’s stock worth $777,000 after purchasing an additional 800 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Tenable by 2.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 45,740 shares of the company’s stock worth $2,049,000 after purchasing an additional 904 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Tenable by 0.9% during the 3rd quarter. Mackenzie Financial Corp now owns 3,021,637 shares of the company’s stock valued at $131,955,000 after buying an additional 27,875 shares during the period. Finally, Emerald Advisers LLC boosted its stake in shares of Tenable by 7.7% during the 3rd quarter. Emerald Advisers LLC now owns 795,198 shares of the company’s stock valued at $35,625,000 after buying an additional 56,677 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.56, for a total value of $768,427.80. Following the transaction, the chief financial officer now directly owns 257,924 shares in the company, valued at $12,782,713.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.56, for a total value of $768,427.80. Following the transaction, the chief financial officer now directly owns 257,924 shares in the company, valued at $12,782,713.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the transaction, the director now owns 2 shares in the company, valued at $101.50. The disclosure for this sale can be found here. Insiders have sold a total of 317,382 shares of company stock worth $15,021,615 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Susquehanna lifted their target price on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Tenable in a research note on Wednesday, April 10th. Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $46.00 to $60.00 in a report on Tuesday, January 9th. Finally, Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Tenable Price Performance

Shares of Tenable stock opened at $45.99 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The firm’s 50-day simple moving average is $47.40 and its 200-day simple moving average is $45.12. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50.

Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The business had revenue of $213.31 million for the quarter, compared to analyst estimates of $206.95 million. Equities analysts forecast that Tenable Holdings, Inc. will post -0.12 EPS for the current fiscal year.

About Tenable

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.