Cramer Rosenthal Mcglynn LLC Lowers Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Cramer Rosenthal Mcglynn LLC reduced its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 79.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,717 shares of the company's stock after selling 550,138 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.12% of Tenable worth $5,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after buying an additional 575 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Tenable during the 4th quarter valued at about $38,000. Larson Financial Group LLC raised its holdings in Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after acquiring an additional 675 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after purchasing an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Stock Up 2.6 %

TENB stock traded up $0.80 during midday trading on Wednesday, hitting $31.79. The company's stock had a trading volume of 236,337 shares, compared to its average volume of 969,818. The firm has a 50-day simple moving average of $35.58 and a 200-day simple moving average of $39.35. The firm has a market capitalization of $3.82 billion, a P/E ratio of -105.97 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 Holdings, Inc. has a 52-week low of $29.99 and a 52-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 the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TENB shares. Jefferies Financial Group reduced their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Truist Financial lowered their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Scotiabank boosted their target price on shares of Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered shares of Tenable from a "buy" rating to a "hold" rating and reduced their price target for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Tenable currently has a consensus rating of "Moderate Buy" and an average target price of $46.72.

Insider Buying and Selling

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This trade represents a 2.07 % 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 worth $539,256. Company insiders own 1.50% of the company's stock.

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.