Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 26.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,601 shares of the company’s stock after selling 4,579 shares during the quarter. US Bancorp DE’s holdings in Tenable were worth $496,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd grew its position in Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after buying an additional 652 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after buying an additional 1,172 shares during the period. Pacer Advisors Inc. boosted its stake 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 buying an additional 657 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Tenable during the 4th quarter valued at $126,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling

In related news, CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the transaction, the director now owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,437 shares of company stock valued at $477,918. 4.30% of the stock is owned by insiders.

Analyst Ratings Changes

TENB has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Jefferies Financial Group lifted their price objective on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Finally, Barclays lifted their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.67.

Tenable Stock Down 1.4 %

Tenable stock opened at $36.20 on Thursday. The company has a quick ratio of 1.28, a current 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. The firm’s fifty day moving average is $39.95 and its 200 day moving average is $40.68. The company has a market capitalization of $4.35 billion, a PE ratio of -120.67 and a beta of 0.87.

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

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.