Amundi Cuts Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Amundi reduced its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,473 shares of the company’s stock after selling 4,385 shares during the quarter. Amundi’s holdings in Tenable were worth $2,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp raised its position in Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after acquiring an additional 73,293 shares during the period. Geode Capital Management LLC raised its position in shares of Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after purchasing an additional 33,303 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Tenable in the 4th quarter valued at about $15,653,000. Nordea Investment Management AB increased its stake in Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after buying an additional 25,247 shares in the last quarter. Finally, Barclays PLC increased its stake in Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after buying an additional 177,048 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Trading Up 1.9 %

TENB opened at $36.75 on Tuesday. The stock has a market capitalization of $4.42 billion, a PE ratio of -122.50 and a beta of 0.87. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50 day moving average price is $39.75 and its 200 day moving average price is $40.56.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, equities research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TENB. Jefferies Financial Group lifted their price target on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Scotiabank lifted their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 target price (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Finally, Barclays upped their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.67.

Insiders Place Their Bets

In other news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at $1,632,482.96. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 over the last 90 days. 4.30% of the stock is owned by company insiders.

About Tenable

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.