Emerald Mutual Fund Advisers Trust Sells 270,640 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Emerald Mutual Fund Advisers Trust decreased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,901 shares of the company's stock after selling 270,640 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.30% of Tenable worth $14,015,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Tenable in the fourth quarter valued at $54,950,000. Vanguard Group Inc. boosted its position in shares of Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after acquiring an additional 708,249 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Tenable in the 4th quarter valued at about $15,653,000. FMR LLC raised its position in shares of Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after acquiring an additional 304,237 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in Tenable during the fourth quarter worth approximately $11,170,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Buying and Selling

In other news, CEO Mark C. Thurmond sold 1,341 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 in the company, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,128 shares of company stock worth $539,256. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TENB shares. Cantor Fitzgerald initiated coverage on shares of Tenable in a research report on Monday, March 31st. They set an "overweight" rating and a $50.00 price objective for the company. Wells Fargo & Company lowered their price target on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reduced their price target on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, DA Davidson decreased their target price on Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.44.

Tenable Stock Performance

NASDAQ TENB traded up $0.03 on Friday, hitting $30.77. The stock had a trading volume of 1,984,179 shares, compared to its average volume of 1,006,944. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -102.57 and a beta of 0.88. 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 Holdings, Inc. has a one year low of $28.75 and a one year high of $49.18. The company's 50-day moving average is $34.47 and its two-hundred day moving average is $38.78.

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

Tenable 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.