AtonRa Partners Reduces Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

AtonRa Partners lowered its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,391 shares of the company’s stock after selling 877 shares during the quarter. AtonRa Partners’ holdings in Tenable were worth $248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TENB. Intrust Bank NA lifted its position in shares of Tenable by 11.5% in the fourth quarter. Intrust Bank NA now owns 7,892 shares of the company’s stock valued at $364,000 after acquiring an additional 812 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Tenable by 9.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 73,193 shares of the company’s stock valued at $3,371,000 after purchasing an additional 6,230 shares in the last quarter. Hunter Associates Investment Management LLC acquired a new stake in shares of Tenable during the 4th quarter worth about $205,000. Xponance Inc. raised its position in shares of Tenable by 3.5% in the fourth quarter. Xponance Inc. now owns 6,939 shares of the company’s stock valued at $320,000 after buying an additional 232 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Tenable by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock valued at $139,937,000 after buying an additional 16,515 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Down 1.4 %

NASDAQ:TENB traded down $0.66 during mid-day trading on Tuesday, hitting $45.00. The company had a trading volume of 196,399 shares, compared to its average volume of 924,365. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The business has a fifty day simple moving average of $47.29 and a 200-day simple moving average of $45.16. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of -67.15 and a beta of 0.94.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The company had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. Equities analysts forecast that Tenable Holdings, Inc. will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on TENB. Morgan Stanley upgraded Tenable from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $60.00 in a report on Tuesday, January 9th. Westpark Capital upgraded Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price objective on shares of Tenable in a research note on Tuesday, April 23rd. Truist Financial increased their price objective on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company boosted their target price on shares of Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.20.

Insider Activity at Tenable

In other news, CFO Stephen A. Vintz sold 5,216 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total transaction of $241,083.52. Following the completion of the sale, the chief financial officer now directly owns 238,593 shares in the company, valued at $11,027,768.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Stephen A. Vintz sold 5,216 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total transaction of $241,083.52. Following the completion of the transaction, the chief financial officer now directly owns 238,593 shares in the company, valued at approximately $11,027,768.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the sale, the director now directly owns 2 shares of the company’s stock, valued at approximately $101.50. The disclosure for this sale can be found here. In the last three months, insiders sold 317,382 shares of company stock valued at $15,021,615. Corporate insiders own 4.30% of the company’s stock.

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.