Blair William & Co. IL Sells 21,556 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Blair William & Co. IL cut its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 274,330 shares of the company’s stock after selling 21,556 shares during the quarter. Blair William & Co. IL owned 0.23% of Tenable worth $11,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Tenable in the 4th quarter valued at approximately $56,568,000. First Trust Advisors LP lifted its holdings in Tenable by 18.0% during the 4th quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock worth $205,085,000 after buying an additional 680,477 shares during the period. Champlain Investment Partners LLC grew its position in shares of Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock valued at $78,650,000 after buying an additional 593,529 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Tenable by 20.2% in the first quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock valued at $172,575,000 after buying an additional 585,559 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Tenable by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock worth $576,248,000 after acquiring an additional 259,552 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Trading Up 1.6 %

Shares of Tenable stock opened at $40.28 on Friday. The stock has a market capitalization of $4.79 billion, a PE ratio of -69.45 and a beta of 0.83. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The stock has a 50 day moving average price of $41.75 and a two-hundred day moving average price of $43.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. The business had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. As a group, equities analysts anticipate that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the transaction, the chief operating officer now owns 34,079 shares in the company, valued at approximately $1,419,731.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tenable news, CEO Amit Yoran sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the transaction, the chief executive officer now directly owns 387,356 shares in the company, valued at approximately $18,484,628.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at $1,419,731.14. The disclosure for this sale can be found here. Insiders have sold 52,469 shares of company stock worth $2,429,076 in the last quarter. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial reiterated a “buy” rating and issued a $55.00 target price (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Barclays reduced their price objective on shares of Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Canaccord Genuity Group lowered their target price on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and dropped their target price for the company from $56.00 to $40.00 in a report on Thursday, August 1st. Finally, Robert W. Baird decreased their price target on Tenable from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.67.

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.