New York State Common Retirement Fund Decreases Position in Tenable Holdings, Inc. (NASDAQ:TENB)

New York State Common Retirement Fund cut its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,790 shares of the company's stock after selling 74,272 shares during the period. New York State Common Retirement Fund's holdings in Tenable were worth $2,155,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hunter Associates Investment Management LLC bought a new stake in Tenable during the 4th quarter valued at $205,000. Xponance Inc. grew its stake in Tenable by 3.5% in the fourth quarter. Xponance Inc. now owns 6,939 shares of the company's stock valued at $320,000 after purchasing an additional 232 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Tenable by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company's stock worth $139,937,000 after purchasing an additional 16,515 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Tenable by 13.0% during the fourth quarter. Vontobel Holding Ltd. now owns 225,593 shares of the company's stock valued at $10,391,000 after buying an additional 25,934 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in shares of Tenable in the 4th quarter valued at about $1,887,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tenable

In other news, COO Mark C. Thurmond sold 1,089 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total transaction of $51,977.97. Following the sale, the chief operating officer now owns 48,846 shares of the company's stock, valued at approximately $2,331,419.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Mark C. Thurmond sold 1,089 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total transaction of $51,977.97. Following the sale, the chief operating officer now owns 48,846 shares of the company's stock, valued at approximately $2,331,419.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 15,505 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,782,713.44. The disclosure for this sale can be found here. Insiders have sold 313,406 shares of company stock valued at $14,833,391 in the last 90 days. 4.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial increased their target price on shares of Tenable from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Wells Fargo & Company increased their price target on Tenable from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Morgan Stanley upgraded Tenable from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $46.00 to $60.00 in a research note on Tuesday, January 9th. Stephens increased their price objective on shares of Tenable from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. Finally, Westpark Capital raised shares of Tenable from a "hold" rating to a "buy" rating and set a $65.00 price objective for the company in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Tenable presently has an average rating of "Moderate Buy" and a consensus price target of $57.20.

Tenable Stock Performance

NASDAQ:TENB traded down $0.80 during midday trading on Wednesday, hitting $44.84. The company's stock had a trading volume of 787,255 shares, compared to its average volume of 937,988. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The firm's 50 day moving average is $46.99 and its 200-day moving average is $45.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $5.32 billion, a P/E ratio of -77.31 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. The company had revenue of $213.31 million for the quarter, compared to the consensus estimate of $206.95 million. Equities analysts anticipate that Tenable Holdings, Inc. will post -0.14 earnings per share for the current fiscal year.

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.