Capital Fund Management S.A. Sells 26,152 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Capital Fund Management S.A. lowered its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,887 shares of the company's stock after selling 26,152 shares during the period. Capital Fund Management S.A. owned approximately 0.06% of Tenable worth $2,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TENB. State Street Corp raised its position in shares of Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company's stock worth $118,058,000 after purchasing an additional 73,293 shares during the period. Geode Capital Management LLC raised its position in Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock valued at $113,255,000 after acquiring an additional 33,303 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Tenable in the 4th quarter valued at $15,653,000. Nordea Investment Management AB increased its position in Tenable by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock worth $10,489,000 after buying an additional 25,247 shares during the last quarter. Finally, Barclays PLC raised its holdings in Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after buying an additional 177,048 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Price Performance

Shares of Tenable stock traded down $0.53 during midday trading on Friday, hitting $31.44. 783,488 shares of the company were exchanged, compared to its average volume of 969,576. Tenable Holdings, Inc. has a 52 week low of $30.50 and a 52 week high of $49.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $35.93 and a 200-day simple moving average of $39.49. The firm has a market cap of $3.78 billion, a P/E ratio of -104.80 and a beta of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last released 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%. Research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Activity at Tenable

In related news, CEO Stephen A. Vintz sold 6,681 shares of the business'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 completion of the transaction, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now directly owns 353 shares in the company, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock valued at $539,256 over the last ninety days. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TENB has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Stephens started coverage on shares of Tenable in a report on Tuesday, April 1st. They set an "equal weight" rating and a $42.00 price objective for the company. Morgan Stanley dropped their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald initiated coverage on Tenable in a research report on Monday, March 31st. They set an "overweight" rating and a $50.00 price objective for the company. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.71.

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.