Mackenzie Financial Corp Sells 135,182 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Mackenzie Financial Corp trimmed its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,747,785 shares of the company's stock after selling 135,182 shares during the period. Mackenzie Financial Corp owned about 3.12% of Tenable worth $131,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Tenable by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock valued at $376,000 after buying an additional 1,682 shares in the last quarter. KBC Group NV boosted its holdings in shares of Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after buying an additional 919 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Tenable by 41.9% in the 4th quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock valued at $2,671,000 after buying an additional 20,031 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Tenable by 15.6% in the 4th quarter. Invesco Ltd. now owns 101,337 shares of the company's stock valued at $3,991,000 after buying an additional 13,655 shares in the last quarter. Finally, One68 Global Capital LLC bought a new stake in shares of Tenable in the 4th quarter valued at about $591,000. 89.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tenable news, CEO Mark C. Thurmond sold 5,577 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $178,352.46. Following the completion of the transaction, the chief executive officer directly owned 75,210 shares of the company's stock, valued at approximately $2,405,215.80. This trade represents a 6.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen A. Vintz sold 6,499 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $207,838.02. Following the transaction, the chief executive officer directly owned 331,394 shares of the company's stock, valued at $10,597,980.12. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,815 shares of company stock valued at $669,797. 1.50% of the stock is owned by insiders.

Tenable Stock Performance

TENB opened at $33.16 on Tuesday. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month 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 firm has a market capitalization of $4.05 billion, a PE ratio of -89.62 and a beta of 0.80. The firm has a 50 day moving average of $32.94 and a two-hundred day moving average of $35.24.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly 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 net margin of 4.86% and a negative return on equity of 3.11%. The company had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. During the same period last year, the firm posted $0.25 EPS. Tenable's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TENB shares. JPMorgan Chase & Co. lowered their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Scotiabank lowered their price target on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Cantor Fitzgerald started coverage on shares of Tenable in a report on Monday, March 31st. They issued an "overweight" rating and a $50.00 price target on the stock. Jefferies Financial Group lowered their price target on shares of Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Finally, Needham & Company LLC decreased their price objective on shares of Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.78.

Tenable 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.

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