Mackenzie Financial Corp Sells 295,702 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

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

A number of other large investors also recently modified their holdings of the business. Barclays PLC boosted its stake in Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after buying an additional 177,048 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock valued at $108,000 after buying an additional 1,172 shares in the last quarter. KBC Group NV boosted its stake in Tenable by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the company's stock valued at $186,000 after buying an additional 1,449 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after buying an additional 657 shares in the last quarter. Finally, R Squared Ltd bought a new position in Tenable during the fourth quarter valued at about $126,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Down 0.2%

Shares of Tenable stock traded down $0.06 during trading on Friday, hitting $32.09. 502,718 shares of the stock traded hands, compared to its average volume of 1,058,895. The stock has a market cap of $3.92 billion, a P/E ratio of -106.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a twelve month low of $28.75 and a twelve month high of $49.18. The company has a fifty day moving average price of $32.70 and a two-hundred day moving average price of $37.67.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The firm's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. Equities research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now directly owns 353 shares of the company's stock, valued at approximately $13,061. This trade represents a 87.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Barron Anschutz sold 1,245 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 value of $39,815.10. Following the completion of the transaction, the insider now directly owns 57,905 shares in the company, valued at $1,851,801.90. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,345 shares of company stock worth $730,209 in the last three months. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on TENB shares. DA Davidson decreased their target price on Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Barclays decreased 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. Scotiabank decreased their price target on Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird decreased their price target on Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley decreased 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. 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's stock. According to data from MarketBeat, Tenable has a consensus rating of "Moderate Buy" and an average price target of $40.44.

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.