Woodline Partners LP Sells 18,054 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Woodline Partners LP lowered its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 63.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,195 shares of the company's stock after selling 18,054 shares during the period. Woodline Partners LP's holdings in Tenable were worth $401,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Tenable during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable during the 4th quarter valued at approximately $38,000. Johnson Financial Group Inc. acquired a new position in Tenable in the fourth quarter valued at approximately $53,000. Finally, Larson Financial Group LLC boosted its position in shares of Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock worth $56,000 after buying an additional 675 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Stock Performance

Shares of Tenable stock traded up $0.04 during midday trading on Friday, hitting $32.19. The company had a trading volume of 1,437,413 shares, compared to its average volume of 1,064,712. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -107.30 and a beta of 0.83. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18. The company has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $37.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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

Insider Buying and Selling at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 353 shares in the company, valued at $13,061. This trade represents a 87.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the sale, the chief executive officer now directly owns 331,394 shares in the company, 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. Insiders have sold 22,345 shares of company stock worth $730,209 over the last three months. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TENB shares. Scotiabank cut their price objective on Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. DA Davidson dropped their price objective on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Cantor Fitzgerald started coverage on shares of Tenable in a report on Monday, March 31st. They set an "overweight" rating and a $50.00 target price for the company. Finally, Stephens lowered shares of Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.44.

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.