Stephens Investment Management Group LLC Sells 8,023 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Stephens Investment Management Group LLC trimmed its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 955,187 shares of the company's stock after selling 8,023 shares during the period. Stephens Investment Management Group LLC owned about 0.79% of Tenable worth $33,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Tenable during the fourth quarter worth about $54,950,000. Shapiro Capital Management LLC boosted its position in shares of Tenable by 647.5% during the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock worth $41,745,000 after buying an additional 918,235 shares during the period. Vanguard Group Inc. boosted its position in shares of Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after buying an additional 708,249 shares during the period. Penserra Capital Management LLC boosted its position in shares of Tenable by 47.6% during the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock worth $59,031,000 after buying an additional 544,375 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in shares of Tenable by 904.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock worth $16,427,000 after buying an additional 375,581 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Price Performance

Shares of Tenable stock traded down $1.79 during trading on Friday, hitting $32.56. The stock had a trading volume of 1,338,784 shares, compared to its average volume of 1,169,234. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -88.00 and a beta of 0.80. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The business's 50-day moving average is $32.77 and its 200 day moving average is $35.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $0.25 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

TENB has been the subject of several recent research reports. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Barclays reduced their price target on Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus reduced their price target on Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reduced their price target on Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tenable presently has an average rating of "Moderate Buy" and a consensus price target of $40.44.

Insider Buying and Selling at Tenable

In other news, insider Barron Anschutz sold 1,245 shares of the business'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 completion of the sale, the insider owned 57,905 shares of the company's stock, valued at $1,851,801.90. The trade was a 2.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen A. Vintz sold 6,499 shares of Tenable stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $207,838.02. Following the transaction, the chief executive officer owned 331,394 shares in the company, valued at approximately $10,597,980.12. This trade represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,845 shares of company stock valued at $637,709. Corporate insiders own 1.50% of the company's stock.

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.