Hilton Capital Management LLC Increases Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Hilton Capital Management LLC raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,268 shares of the company’s stock after purchasing an additional 1,532 shares during the period. Hilton Capital Management LLC’s holdings in Tenable were worth $1,389,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd increased its position in Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after purchasing an additional 652 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Tenable in the 4th quarter worth about $38,000. Nisa Investment Advisors LLC grew its position in Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in 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 in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Stock Performance

Shares of TENB opened at $35.25 on Friday. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $50.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of -117.50 and a beta of 0.87. The business has a 50-day simple moving average of $39.87 and a two-hundred day simple moving average of $40.64.

Tenable (NASDAQ:TENB) last issued 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%. On average, analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TENB. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Scotiabank lifted their target price on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Barclays upped their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and an average target price of $49.67.

Insider Buying and Selling

In other Tenable news, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,937 shares of company stock valued at $570,418. Company insiders own 4.30% of the company’s stock.

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.