Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,882,967 shares of the company's stock after selling 295,702 shares during the quarter. Mackenzie Financial Corp owned about 3.23% of Tenable worth $152,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TENB. Arizona State Retirement System boosted its stake in Tenable by 1.0% in the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock worth $1,361,000 after purchasing an additional 332 shares during the period. Summit Investment Advisors Inc. lifted its stake in Tenable by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after purchasing an additional 390 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Tenable by 3.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock valued at $616,000 after purchasing an additional 450 shares during the last quarter. Tidal Investments LLC boosted its holdings in Tenable by 1.8% during the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after acquiring an additional 564 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after purchasing an additional 575 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on TENB shares. Morgan Stanley lowered their price target on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Truist Financial cut their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Barclays cut their target price on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $40.44.

Tenable Price Performance

Shares of Tenable stock traded up $0.15 during trading on Thursday, reaching $32.15. 1,507,574 shares of the stock traded hands, compared to its average volume of 1,059,648. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -107.17 and a beta of 0.83. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The business has a fifty day simple moving average of $32.78 and a two-hundred day simple moving average of $37.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 company had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. During the same quarter last year, the business posted $0.25 earnings per share. The firm's revenue was up 10.7% on a year-over-year basis. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Transactions at Tenable

In other news, insider Barron Anschutz sold 1,245 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $39,815.10. Following the transaction, the insider now directly owns 57,905 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. This represents a 87.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,821 shares of company stock worth $518,506. 1.50% of the stock is currently owned by insiders.

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.