Handelsinvest Investeringsforvaltning Reduces Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Handelsinvest Investeringsforvaltning cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 34.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,191 shares of the company’s stock after selling 2,176 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Tenable were worth $207,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in shares of Tenable by 16.7% during the fourth quarter. Corient Private Wealth LLC now owns 77,383 shares of the company’s stock valued at $3,564,000 after buying an additional 11,088 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tenable by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 981,899 shares of the company’s stock valued at $45,226,000 after purchasing an additional 26,496 shares during the period. Vanderbilt University lifted its position in Tenable by 51.4% during the fourth quarter. Vanderbilt University now owns 65,313 shares of the company’s stock valued at $3,008,000 after purchasing an additional 22,187 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in Tenable during the first quarter valued at $1,239,000. Finally, Mutual of America Capital Management LLC lifted its position in Tenable by 39.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after purchasing an additional 23,385 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total transaction of $41,727.53. Following the completion of the transaction, the chief operating officer now owns 32,906 shares in the company, valued at approximately $1,446,876.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total transaction of $41,727.53. Following the completion of the sale, the chief operating officer now owns 32,906 shares of the company’s stock, valued at approximately $1,446,876.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 2,219 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $97,103.44. Following the sale, the chief operating officer now directly owns 30,335 shares of the company’s stock, valued at approximately $1,327,459.60. The disclosure for this sale can be found here. Insiders sold a total of 24,132 shares of company stock worth $1,049,183 in the last 90 days. Insiders own 4.30% of the company’s stock.

Tenable Stock Performance

TENB opened at $43.31 on Thursday. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50-day moving average price of $42.85 and a 200 day moving average price of $45.77.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. The firm had revenue of $215.96 million during the quarter, compared to the consensus estimate of $213.56 million. Equities research analysts predict that Tenable Holdings, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TENB shares. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Tenable in a research report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $62.00 target price on shares of Tenable in a research report on Friday, June 14th. Finally, Scotiabank started coverage on shares of Tenable in a research report on Friday, April 26th. They set a “sector perform” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.20.

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.