AlphaQuest LLC Has $2.07 Million Holdings in Tenable Holdings, Inc. $TENB

AlphaQuest LLC grew its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 267.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,098 shares of the company’s stock after acquiring an additional 51,739 shares during the period. AlphaQuest LLC owned 0.06% of Tenable worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in Tenable during the 2nd quarter worth $37,000. Exchange Traded Concepts LLC bought a new stake in shares of Tenable during the third quarter worth $45,000. Nisa Investment Advisors LLC lifted its stake in shares of Tenable by 76.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock valued at $78,000 after acquiring an additional 1,164 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Tenable during the third quarter valued at $168,000. Finally, IVC Wealth Advisors LLC boosted its holdings in Tenable by 10.7% in the third quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock valued at $214,000 after acquiring an additional 711 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

Tenable Stock Up 2.2%

Shares of NASDAQ:TENB opened at $22.06 on Friday. The company has a 50 day moving average price of $24.26 and a two-hundred day moving average price of $27.94. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $2.63 billion, a PE ratio of -81.70 and a beta of 0.64. Tenable Holdings, Inc. has a 52 week low of $21.26 and a 52 week high of $43.68.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $252.44 million during the quarter, compared to analyst estimates of $247.43 million. During the same period last year, the firm earned $0.32 EPS. Tenable’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling at Tenable

In related news, Director A Brooke Seawell sold 115,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Scotiabank cut their target price on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 price target on shares of Tenable in a research note on Friday. Needham & Company LLC reduced their price objective on shares of Tenable from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Piper Sandler lowered their target price on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research report on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable currently has an average rating of “Hold” and an average target price of $34.71.

Tenable Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.