Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 626,541 shares of the company's stock after selling 35,003 shares during the period. Tenable makes up about 1.3% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 21st largest position. Emerald Mutual Fund Advisers Trust owned 0.53% of Tenable worth $25,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Tenable in the second quarter worth about $40,000. Fidelis Capital Partners LLC acquired a new stake in Tenable in the first quarter valued at approximately $58,000. Allspring Global Investments Holdings LLC raised its stake in shares of Tenable by 9.2% during the first 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 period. Truvestments Capital LLC acquired a new position in shares of Tenable during the first quarter worth $189,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tenable during the second quarter worth $200,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of NASDAQ TENB traded down $0.83 during mid-day trading on Friday, hitting $38.78. The company had a trading volume of 1,656,927 shares, compared to its average volume of 754,736. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -76.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The firm's 50 day simple moving average is $40.71 and its two-hundred day simple moving average is $42.15.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The company had revenue of $221.24 million for the quarter, compared to analysts' expectations of $218.41 million. Tenable had a negative return on equity of 6.42% and a negative net margin of 6.82%. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Barclays cut their price target on Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their price objective on Tenable from $60.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, August 1st. Susquehanna cut their target price on Tenable from $60.00 to $48.00 and set a "positive" rating on the stock in a research report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and an average price target of $50.81.

Insider Activity at Tenable

In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the sale, the chief operating officer now owns 34,079 shares in the company, valued at approximately $1,419,731.14. This trade 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 can be accessed through this link. In related news, CEO Amit Yoran sold 5,673 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Mark C. Thurmond sold 3,383 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,469 shares of company stock worth $520,276 in the last ninety days. 4.30% of the stock is owned by insiders.

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.