Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 40.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,730 shares of the company’s stock after selling 29,463 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Tenable were worth $1,906,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Securities Inc. acquired a new position in Tenable during the 4th quarter valued at about $35,000. Quest Partners LLC acquired a new position in Tenable during the 2nd quarter valued at about $40,000. Fidelis Capital Partners LLC acquired a new position in Tenable during the 1st quarter valued at about $58,000. Allspring Global Investments Holdings LLC boosted its stake in Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Tenable during the 1st quarter valued at about $189,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Performance

TENB opened at $40.37 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The firm has a market cap of $4.80 billion, a PE ratio of -69.60 and a beta of 0.83. The business has a fifty day simple moving average of $41.69 and a 200-day simple moving average of $43.58. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. As a group, equities analysts predict that Tenable Holdings, Inc. will post -0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the sale, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Amit Yoran sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total value of $1,908,800.00. Following the completion of the sale, the chief executive officer now owns 387,356 shares of the company’s stock, valued at $18,484,628.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at $1,419,731.14. The disclosure for this sale can be found here. Insiders sold a total of 52,469 shares of company stock worth $2,429,076 over the last ninety days. 4.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of analyst reports. Stifel Nicolaus reduced their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Truist Financial reissued a “buy” rating and set a $55.00 target price (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Piper Sandler reduced their target price on shares of Tenable from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Wells Fargo & Company dropped their price target on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, Canaccord Genuity Group dropped their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.67.

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.