Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC cut its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,663,784 shares of the company's stock after selling 84,138 shares during the quarter. Champlain Investment Partners LLC owned 1.38% of Tenable worth $65,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in shares of Tenable by 61.1% in the fourth quarter. Marshall Wace LLP now owns 147,302 shares of the company's stock valued at $5,801,000 after purchasing an additional 55,843 shares during the period. Walleye Capital LLC purchased a new stake in shares of Tenable during the fourth quarter worth $1,894,000. Barclays PLC boosted its holdings in Tenable by 5.3% in the fourth quarter. Barclays PLC now owns 770,138 shares of the company's stock valued at $30,327,000 after purchasing an additional 38,512 shares during the period. Summit Investment Advisors Inc. grew its stake in Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after purchasing an additional 390 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Tenable during the 4th quarter worth about $2,687,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Stock Performance

NASDAQ TENB traded up $0.49 on Tuesday, hitting $30.94. 409,187 shares of the company's stock were exchanged, compared to its average volume of 968,021. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm's 50-day moving average price is $35.75 and its two-hundred day moving average price is $39.41. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -102.97 and a beta of 0.88. Tenable Holdings, Inc. has a fifty-two week low of $29.99 and a fifty-two week high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction 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 of the company's stock, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark C. Thurmond sold 3,606 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the completion of the sale, the chief executive officer now directly owns 74,295 shares in the company, valued at $2,858,871.60. This trade represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TENB shares. Truist Financial lowered their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Scotiabank boosted 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. Cantor Fitzgerald assumed coverage on Tenable in a report on Monday, March 31st. They set an "overweight" rating and a $50.00 price target for the company. Morgan Stanley cut their target price on Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus lowered shares of Tenable from a "buy" rating to a "hold" rating and dropped their price target for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $46.71.

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.