Jane Street Group LLC Sells 303,819 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Jane Street Group LLC lowered its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 83.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,328 shares of the company's stock after selling 303,819 shares during the quarter. Jane Street Group LLC owned about 0.05% of Tenable worth $2,415,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TENB. Assenagon Asset Management S.A. bought a new stake in Tenable in the fourth quarter worth about $15,653,000. Barclays PLC raised its position in Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after acquiring an additional 177,048 shares in the last quarter. Wells Fargo & Company MN raised its position in Tenable by 41.9% in the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock worth $2,671,000 after acquiring an additional 20,031 shares in the last quarter. Pacer Advisors Inc. raised its position in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after acquiring an additional 657 shares in the last quarter. Finally, Invesco Ltd. raised its position in Tenable by 15.6% in the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after acquiring an additional 13,655 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TENB shares. Needham & Company LLC dropped their price target on shares of Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Scotiabank cut their price objective on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird cut their price objective on Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stephens downgraded Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company cut their price objective on Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.44.

Insider Transactions at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares of the company's stock, valued at $1,632,482.96. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock worth $539,256 over the last three months. 1.50% of the stock is currently owned by insiders.

Tenable Stock Down 0.8%

Shares of NASDAQ TENB traded down $0.25 during trading hours on Monday, hitting $32.65. The stock had a trading volume of 975,370 shares, compared to its average volume of 1,050,459. The company has a market capitalization of $3.99 billion, a P/E ratio of -108.83 and a beta of 0.83. The firm's 50-day moving average price is $33.44 and its two-hundred day moving average price is $38.16. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18. 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 (NASDAQ:TENB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. The firm had revenue of $239.14 million during the quarter, compared to analysts' expectations 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 revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS 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.