MYDA Advisors LLC Sells 9,000 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

MYDA Advisors LLC trimmed its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 31.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the company's stock after selling 9,000 shares during the quarter. MYDA Advisors LLC's holdings in Tenable were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after buying an additional 304,237 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Tenable by 5.3% during the 4th 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 period. Geode Capital Management LLC lifted its position in shares of Tenable by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after acquiring an additional 8,746 shares during the period. First Trust Advisors LP boosted its stake in Tenable by 6.2% during the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock worth $91,860,000 after acquiring an additional 137,150 shares in the last quarter. Finally, Norges Bank acquired a new stake in Tenable in the fourth quarter worth $54,950,000. Institutional investors own 89.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TENB shares. Truist Financial cut their price objective 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. Stifel Nicolaus lowered Tenable from a "buy" rating to a "hold" rating and cut their price target for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Cantor Fitzgerald initiated coverage on Tenable in a report on Monday, March 31st. They set an "overweight" rating and a $50.00 price objective for the company. Scotiabank increased their target price on Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.72.

Insider Activity at Tenable

In related news, CEO Stephen A. Vintz sold 6,681 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the business's 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 sale, the director now directly owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,128 shares of company stock worth $539,256. Insiders own 1.50% of the company's stock.

Tenable Stock Performance

TENB stock traded up $0.93 during midday trading on Thursday, hitting $32.71. The company's stock had a trading volume of 759,821 shares, compared to its average volume of 972,816. Tenable Holdings, Inc. has a 1 year low of $29.99 and a 1 year high of $49.18. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -109.03 and a beta of 0.88. The stock's 50-day moving average price is $35.44 and its 200 day moving average price is $39.30. 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 posted 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, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

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.