Stephens Investment Management Group LLC Cuts Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Stephens Investment Management Group LLC decreased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 963,855 shares of the company's stock after selling 49,500 shares during the quarter. Stephens Investment Management Group LLC owned 0.81% of Tenable worth $39,055,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Champlain Investment Partners LLC lifted its position in shares of Tenable by 59.5% during the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company's stock worth $78,650,000 after buying an additional 593,529 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Tenable by 20.2% during the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company's stock worth $172,575,000 after buying an additional 585,559 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock worth $182,685,000 after buying an additional 471,126 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Tenable by 37.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company's stock worth $31,335,000 after buying an additional 196,810 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Tenable during the 2nd quarter worth approximately $7,740,000. Institutional investors own 89.06% of the company's stock.

Insider Activity

In other news, CEO Amit Yoran sold 5,673 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the transaction, the chief executive officer now directly owns 39,309 shares of the company's stock, valued at approximately $1,641,150.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Amit Yoran sold 5,673 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the transaction, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,469 shares of company stock valued at $520,276. Insiders own 4.30% of the company's stock.

Tenable Price Performance

Shares of NASDAQ TENB traded down $0.83 during mid-day trading on Friday, reaching $38.78. 1,656,902 shares of the company were exchanged, compared to its average volume of 913,858. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $4.62 billion, a PE ratio of -77.67 and a beta of 0.83. The company's 50 day moving average price is $40.76 and its 200 day moving average price is $42.24.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative net margin of 6.82% and a negative return on equity of 6.42%. Sell-side analysts forecast that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Tenable from $60.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, August 1st. Morgan Stanley lowered their price target on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Piper Sandler lowered their price target on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday. Jefferies Financial Group assumed coverage on shares of Tenable in a report on Wednesday, October 16th. They issued a "hold" rating and a $45.00 price target on the stock. Finally, Scotiabank reduced their price objective on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tenable has an average rating of "Moderate Buy" and a consensus price target of $50.81.

Tenable Company 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.