Mutual of America Capital Management LLC Decreases Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Mutual of America Capital Management LLC lessened its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,454 shares of the company’s stock after selling 3,180 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Tenable worth $3,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $35,000. Quest Partners LLC acquired a new stake in shares of Tenable in the second quarter valued at approximately $40,000. Fidelis Capital Partners LLC acquired a new stake in shares of Tenable in the first quarter valued at approximately $58,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Tenable by 9.2% in the first 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 last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Tenable in the first quarter valued at approximately $189,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Down 0.7 %

Shares of NASDAQ TENB opened at $40.09 on Tuesday. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of -69.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $41.60 and a two-hundred day moving average of $43.52. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company 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%. On average, analysts forecast that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Tenable

In related news, CEO Amit Yoran sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 387,356 shares in the company, valued at approximately $18,484,628.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now owns 34,079 shares in the company, valued at approximately $1,419,731.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 40,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 387,356 shares in the company, valued at approximately $18,484,628.32. The disclosure for this sale can be found here. Insiders have sold 52,469 shares of company stock worth $2,429,076 in the last quarter. Company insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TENB has been the subject of several recent analyst reports. Truist Financial reissued a “buy” rating and set a $55.00 target price (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Susquehanna dropped their price objective on Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Friday, September 13th. Robert W. Baird dropped their price objective on Tenable from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, Stifel Nicolaus dropped their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.67.

Tenable Company Profile

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.