Blair William & Co. IL Lowers Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Blair William & Co. IL cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,117 shares of the company's stock after selling 59,501 shares during the quarter. Blair William & Co. IL owned 0.18% of Tenable worth $8,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TENB. Vanguard Group Inc. raised its stake in shares of Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after acquiring an additional 708,249 shares during the last quarter. Readystate Asset Management LP purchased a new stake in Tenable in the third quarter worth $24,660,000. Assenagon Asset Management S.A. purchased a new stake in shares of Tenable in the 4th quarter worth about $15,653,000. JPMorgan Chase & Co. lifted its holdings in Tenable by 67.5% in the fourth quarter. JPMorgan Chase & Co. now owns 550,278 shares of the company's stock worth $21,670,000 after buying an additional 221,728 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Tenable by 28.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock worth $37,294,000 after acquiring an additional 201,366 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Performance

Shares of NASDAQ:TENB traded down $2.16 during midday trading on Thursday, reaching $33.00. 161,133 shares of the company's stock traded hands, compared to its average volume of 953,636. 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 Holdings, Inc. has a one year low of $32.99 and a one year high of $50.07. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -110.00 and a beta of 0.87. The stock has a 50 day moving average of $38.77 and a 200 day moving average of $40.24.

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Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (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 anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the transaction, the director now owns 8,659 shares of the company's stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,937 shares of company stock worth $570,418. 4.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TENB. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Stephens assumed coverage on shares of Tenable in a report on Tuesday. They set an "equal weight" rating and a $42.00 target price on the stock. Morgan Stanley started coverage on shares of Tenable in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 price target for the company. Truist Financial dropped their price objective on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Stifel Nicolaus cut shares of Tenable from a "buy" rating to a "hold" rating and cut their price objective for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tenable currently has an average rating of "Moderate Buy" and a consensus price target of $47.76.

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.