Loomis Sayles & Co. L P Sells 388,813 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Loomis Sayles & Co. L P trimmed its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 469,525 shares of the company's stock after selling 388,813 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.39% of Tenable worth $18,490,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after purchasing an additional 652 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Tenable in the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC grew its stake in Tenable by 74.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock valued at $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% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after buying an additional 657 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Remove Ads

Analysts Set New Price Targets

TENB has been the subject of several recent analyst reports. Morgan Stanley began coverage on shares of Tenable in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 target price for the company. Scotiabank upped their price objective 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. Barclays raised their target price on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Stephens started coverage on shares of Tenable in a report on Tuesday. They issued an "equal weight" rating and a $42.00 price target on the stock. Finally, Jefferies Financial Group reduced their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.76.

Insider Buying and Selling

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the transaction, the director now owns 8,659 shares in the company, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was 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 owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,937 shares of company stock valued at $570,418 over the last ninety days. 4.30% of the stock is owned by company insiders.

Tenable Trading Up 0.5 %

NASDAQ:TENB traded up $0.18 during mid-day trading on Wednesday, hitting $35.35. 207,744 shares of the company's stock were exchanged, compared to its average volume of 953,268. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a fifty-two week low of $33.84 and a fifty-two week high of $50.07. The company has a 50 day simple moving average of $38.91 and a 200-day simple moving average of $40.28. The firm has a market capitalization of $4.25 billion, a P/E ratio of -117.80 and a beta of 0.87.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

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.