Blair William & Co. IL Sells 42,131 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Key Points

• Blair William & Co. IL reduced its holdings in Tenable Holdings by 19.9% during the first quarter, now owning approximately $5.95 million worth of shares.
• Multiple institutional investors have increased their positions in Tenable, with notable increases including Bayforest Capital Ltd raising its stake by 124.7% and Skandinaviska Enskilda Banken AB boosting its holdings by 2,898.6%.
• Analysts show mixed sentiment with a consensus rating of "Moderate Buy" for Tenable, while price targets from brokerages range from $32.00 to $45.00.

Blair William & Co. IL decreased its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,986 shares of the company's stock after selling 42,131 shares during the period. Blair William & Co. IL owned 0.14% of Tenable worth $5,946,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after buying an additional 304,237 shares during the last quarter. Geode Capital Management LLC boosted its position in Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock worth $110,416,000 after purchasing an additional 8,746 shares during the period. First Trust Advisors LP grew its stake in Tenable by 6.2% in the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock valued at $91,860,000 after buying an additional 137,150 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Tenable by 47.6% during the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock valued at $59,031,000 after acquiring an additional 544,375 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its position in shares of Tenable by 5.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock worth $64,629,000 after acquiring an additional 84,669 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Mark C. Thurmond sold 5,577 shares of the 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 directly owned 75,210 shares in the company, valued at $2,405,215.80. This trade represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barron Anschutz sold 1,245 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 transaction of $39,815.10. Following the transaction, the insider directly owned 57,905 shares of the company's stock, valued at approximately $1,851,801.90. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,815 shares of company stock worth $669,797. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group restated a "hold" rating and issued a $38.00 target price (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Scotiabank boosted their price objective on shares of Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Wall Street Zen lowered shares of Tenable from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, DA Davidson lifted their price objective on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Tenable Trading Down 1.5%

TENB stock traded down $0.43 during trading on Friday, reaching $28.99. The company had a trading volume of 1,103,187 shares, compared to its average volume of 1,459,180. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $45.44. The business has a 50 day moving average of $32.68 and a 200 day moving average of $34.65. The company has a market cap of $3.54 billion, a P/E ratio of -78.35 and a beta of 0.76.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $247.30 million for the quarter, compared to the consensus estimate of $242.15 million. Tenable had a negative return on equity of 3.22% and a negative net margin of 4.74%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 EPS. As a group, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.