Tenable Holdings, Inc. (NASDAQ:TENB) Holdings Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,852 shares of the company’s stock after selling 1,208 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tenable were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock worth $694,000 after purchasing an additional 276 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Tenable by 4.1% in the 1st quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock worth $374,000 after purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Tenable by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after purchasing an additional 312 shares in the last quarter. American International Group Inc. raised its holdings in shares of Tenable by 1.0% in the 1st quarter. American International Group Inc. now owns 57,385 shares of the company’s stock worth $2,837,000 after purchasing an additional 592 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Tenable by 1.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 48,606 shares of the company’s stock worth $2,118,000 after purchasing an additional 609 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Performance

Shares of TENB opened at $41.43 on Friday. The company’s 50 day moving average price is $40.96 and its 200 day moving average price is $43.13. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The company has a market capitalization of $4.93 billion, a PE ratio of -71.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 net margin of 7.77% and a negative return on equity of 7.63%. Research analysts expect that Tenable Holdings, Inc. will post -0.06 EPS for the current fiscal year.

Insiders Place Their Bets

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 shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at $1,419,731.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Mark C. Thurmond sold 3,383 shares of the business’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 completion of the sale, the chief operating officer now directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the sale, the chief executive officer now owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,469 shares of company stock valued at $2,429,076 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

TENB has been the topic of a number of research reports. Westpark Capital downgraded shares of Tenable from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Tenable in a research report on Friday, September 13th. DA Davidson downgraded shares of Tenable from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $56.00 to $40.00 in a research report on Thursday, August 1st. Piper Sandler dropped their target price on shares of Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, Susquehanna dropped their target price on shares of Tenable from $60.00 to $48.00 and set a “positive” 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.67.

Tenable 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.