Assenagon Asset Management S.A. Trims Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Assenagon Asset Management S.A. reduced its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 about 0.24% of Tenable worth $9,908,000 as of its most recent filing with the SEC.

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

Tenable Stock Up 1.5%

Tenable stock traded up $0.48 on Tuesday, hitting $32.83. 1,684,556 shares of the stock traded hands, compared to its average volume of 1,103,021. Tenable Holdings, Inc. has a 1 year low of $28.75 and a 1 year high of $49.18. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The business's fifty day simple moving average is $32.24 and its 200 day simple moving average is $36.79. The firm has a market cap of $4.01 billion, a P/E ratio of -88.73 and a beta of 0.79.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The firm had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share. As a group, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TENB shares. 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. Cantor Fitzgerald assumed coverage on shares of Tenable in a report on Monday, March 31st. They issued an "overweight" rating and a $50.00 price objective on the stock. Truist Financial dropped their target price on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their price objective on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tenable currently has an average rating of "Moderate Buy" and an average price target of $40.44.

Insiders Place Their Bets

In related news, insider Barron Anschutz sold 1,245 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $39,815.10. Following the sale, the insider now owns 57,905 shares of the company's stock, valued at $1,851,801.90. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark C. Thurmond sold 2,483 shares of Tenable stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $80,573.35. Following the transaction, the chief executive officer now directly owns 72,727 shares of the company's stock, valued at approximately $2,359,991.15. This represents a 3.30% 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 quarter. 1.50% of the stock is currently owned by corporate insiders.

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.