Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. reduced its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,887 shares of the company's stock after selling 26,152 shares during the period. Capital Fund Management S.A. owned about 0.06% of Tenable worth $2,792,000 as of its most recent SEC filing.

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

Tenable Stock Performance

NASDAQ TENB traded down $0.53 on Friday, hitting $31.44. The stock had a trading volume of 783,488 shares, compared to its average volume of 969,284. The company's 50-day moving average is $36.11 and its two-hundred day moving average is $39.56. Tenable Holdings, Inc. has a one year low of $30.50 and a one year high of $49.18. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -104.80 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 (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In other news, CEO Mark C. Thurmond sold 1,341 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the firm'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 transaction of $92,500.00. Following the transaction, the director now owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,128 shares of company stock valued at $539,256. Company insiders own 4.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on TENB. Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Stephens began coverage on shares of Tenable in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $42.00 price objective on the stock. Barclays decreased their price objective on shares of Tenable from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday. Cantor Fitzgerald initiated coverage on shares of Tenable in a research report on Monday, March 31st. They set an "overweight" rating and a $50.00 price target on the stock. Finally, Truist Financial lowered their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a report on Monday, March 31st. Seven investment 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.71.

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.