Emerald Mutual Fund Advisers Trust Reduces Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Emerald Mutual Fund Advisers Trust trimmed its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 43.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,901 shares of the company's stock after selling 270,640 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.30% of Tenable worth $14,015,000 as of its most recent SEC filing.

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

Tenable Stock Performance

NASDAQ:TENB traded up $0.03 during midday trading on Friday, reaching $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 P/E 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 12-month low of $28.75 and a 12-month high of $49.18. The firm has a fifty day simple moving average of $34.47 and a two-hundred day simple moving average of $38.80.

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 firm had revenue of $239.14 million during the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. On average, equities analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Stephen A. Vintz sold 6,681 shares of Tenable stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,128 shares of company stock worth $539,256. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

TENB has been the subject of a number of recent research reports. Barclays decreased their price target on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research report on Wednesday. UBS Group decreased their target price on Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, DA Davidson reduced 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. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable has a consensus rating of "Moderate Buy" and a consensus price target 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.