Principal Financial Group Inc. Cuts Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Principal Financial Group Inc. cut its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,042 shares of the company’s stock after selling 916 shares during the quarter. Principal Financial Group Inc.’s holdings in Tenable were worth $395,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TENB. Covestor Ltd grew its position in Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after purchasing an additional 1,172 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Tenable in the 4th quarter worth $126,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Down 2.2 %

Shares of NASDAQ TENB opened at $36.50 on Friday. The firm has a fifty day simple moving average of $40.13 and a two-hundred day simple moving average of $40.80. The firm has a market capitalization of $4.39 billion, a PE ratio of -121.67 and a beta of 0.87. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $50.30.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Activity at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares of the company’s stock, valued at $333,544.68. This trade represents a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,437 shares of company stock worth $477,918 over the last ninety days. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Scotiabank upped their price target on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Finally, Jefferies Financial Group increased their price objective on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tenable has a consensus rating of “Moderate Buy” and an average price target of $49.67.

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.