Ameriprise Financial Inc. Sells 180,812 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Ameriprise Financial Inc. lowered its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,606,387 shares of the company's stock after selling 180,812 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.67% of Tenable worth $220,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after purchasing an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Tenable during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Tenable in the fourth quarter valued at approximately $38,000. Johnson Financial Group Inc. bought a new position in Tenable in the fourth quarter valued at approximately $53,000. Finally, Larson Financial Group LLC boosted its stake in Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after acquiring an additional 675 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Stock Down 0.8 %

TENB traded down $0.26 during midday trading on Friday, hitting $31.75. The company had a trading volume of 2,557,978 shares, compared to its average volume of 1,033,933. The stock's 50 day moving average price is $33.96 and its 200 day moving average price is $38.53. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -105.83 and a beta of 0.83. 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 (NASDAQ:TENB - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. During the same period last year, the business earned $0.25 EPS. Tenable's quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC decreased their target price on Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus lowered their target price on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, Scotiabank reduced their price target on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tenable presently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Insider Transactions at Tenable

In other news, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares in the company, valued at $1,632,482.96. The trade was a 3.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock valued at $539,256 over the last three months. Corporate insiders own 1.50% of the company's stock.

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.