Tenable Holdings, Inc. (NASDAQ:TENB) Stake Reduced by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 28.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,257 shares of the company's stock after selling 114,238 shares during the quarter. Assenagon Asset Management S.A. owned 0.24% of Tenable worth $9,908,000 at the end of the most recent reporting period.

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

Tenable Stock Performance

Shares of NASDAQ TENB traded up $0.04 during mid-day trading on Friday, hitting $31.86. 1,496,919 shares of the company were exchanged, compared to its average volume of 1,101,895. Tenable Holdings, Inc. has a 1-year low of $28.75 and a 1-year high of $49.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $32.24 and a 200-day simple moving average of $36.96. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of -106.20 and a beta of 0.79.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating 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 business had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. During the same quarter last year, the business posted $0.25 earnings per share. The business's revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Stephen A. Vintz sold 6,499 shares of Tenable stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $207,838.02. Following the transaction, the chief executive officer now directly owns 331,394 shares of the company's stock, valued at $10,597,980.12. The trade was a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark C. Thurmond sold 5,577 shares of Tenable stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $178,352.46. Following the completion of the transaction, the chief executive officer now directly owns 75,210 shares in the company, valued at $2,405,215.80. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,845 shares of company stock worth $637,709 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TENB has been the subject of several recent research reports. Scotiabank cut their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company decreased their target price on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird reduced their price target on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Barclays cut their target price on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, Truist Financial dropped their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.44.

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.