Vontobel Holding Ltd. Decreases Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Vontobel Holding Ltd. trimmed its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 14.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,450 shares of the company's stock after selling 28,001 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.14% of Tenable worth $6,947,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in shares of Tenable during the second quarter worth $40,000. Fidelis Capital Partners LLC purchased a new stake in Tenable in the 1st quarter worth $58,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company's stock valued at $183,000 after purchasing an additional 312 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Tenable during the first quarter valued at about $189,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Tenable in the second quarter worth about $200,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Trading Up 0.7 %

Shares of NASDAQ:TENB traded up $0.31 during trading hours on Friday, hitting $42.65. 643,488 shares of the company's stock traded hands, compared to its average volume of 906,858. The firm has a market capitalization of $5.07 billion, a P/E ratio of -73.53 and a beta of 0.83. The business has a fifty day moving average price of $40.87 and a 200-day moving average price of $42.75. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The firm had revenue of $221.24 million during the quarter, compared to analyst estimates of $218.41 million. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. Equities analysts expect that Tenable Holdings, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Westpark Capital lowered Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. Susquehanna lowered their target price on Tenable from $60.00 to $48.00 and set a "positive" rating for the company in a research report on Thursday, August 1st. Piper Sandler cut their target price on shares of Tenable from $60.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, August 1st. Canaccord Genuity Group decreased their price target on shares of Tenable from $57.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Finally, Baird R W raised shares of Tenable to a "strong-buy" rating in a research note on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tenable has a consensus rating of "Moderate Buy" and an average price target of $52.19.

Insider Activity

In related news, CEO Amit Yoran sold 40,000 shares of the firm's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total value of $1,908,800.00. Following the transaction, the chief executive officer now owns 387,356 shares of the company's stock, valued at $18,484,628.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Amit Yoran sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total value of $1,908,800.00. Following the transaction, the chief executive officer now owns 387,356 shares of the company's stock, valued at $18,484,628.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 3,413 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the transaction, the chief financial officer now owns 278,493 shares in the company, valued at $11,627,082.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,469 shares of company stock valued at $2,429,076. 4.30% of the stock is currently owned by company insiders.

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.