Tenable Holdings Inc (NASDAQ:TENB) Short Interest Update

Tenable Holdings Inc (NASDAQ:TENB) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,997,098 shares, an increase of 46.5% from the February 28th total of 1,363,105 shares. Approximately 8.2% of the company’s stock are sold short. Based on an average daily volume of 1,064,086 shares, the short-interest ratio is presently 1.9 days.

Several research analysts recently weighed in on TENB shares. Summit Insights started coverage on shares of Tenable in a report on Monday, February 11th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Saturday, February 9th. Finally, Morgan Stanley upgraded shares of Tenable from an “equal” rating to an “overweight” rating and boosted their target price for the company from $30.00 to $31.00 in a research note on Tuesday, January 15th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Tenable presently has a consensus rating of “Buy” and a consensus target price of $36.86.

In other news, CFO Stephen A. Vintz sold 100,000 shares of Tenable stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $28.77, for a total transaction of $2,877,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amit Yoran sold 10,000 shares of Tenable stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $28.90, for a total transaction of $289,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,965 shares of company stock valued at $12,651,970. Insiders own 31.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. ETF Managers Group LLC boosted its stake in shares of Tenable by 0.6% in the 4th quarter. ETF Managers Group LLC now owns 2,023,483 shares of the company’s stock valued at $44,901,000 after purchasing an additional 11,108 shares in the last quarter. Capital World Investors purchased a new stake in shares of Tenable in the 3rd quarter valued at $63,569,000. Vanguard Group Inc purchased a new stake in shares of Tenable in the 3rd quarter valued at $39,403,000. Vanguard Group Inc. purchased a new stake in shares of Tenable in the 3rd quarter valued at $39,403,000. Finally, BlackRock Inc. boosted its stake in shares of Tenable by 3.9% in the 4th quarter. BlackRock Inc. now owns 955,614 shares of the company’s stock valued at $21,206,000 after purchasing an additional 35,472 shares in the last quarter. 42.00% of the stock is currently owned by hedge funds and other institutional investors.

Tenable stock traded down $0.23 during midday trading on Friday, reaching $31.18. 376,979 shares of the stock were exchanged, compared to its average volume of 570,284. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.00 billion and a PE ratio of -22.93. Tenable has a 52 week low of $20.00 and a 52 week high of $39.38.

Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, February 5th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $75.22 million for the quarter, compared to the consensus estimate of $72.59 million. The business’s revenue was up 39.0% on a year-over-year basis. During the same period last year, the company posted ($0.12) EPS. Research analysts forecast that Tenable will post -1.11 earnings per share for the current year.

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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.

Further Reading: What is a Lock-Up Period?

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