Vanderbilt University Sells 16,060 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Vanderbilt University decreased its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,789 shares of the company's stock after selling 16,060 shares during the period. Tenable comprises approximately 0.9% of Vanderbilt University's holdings, making the stock its 20th largest holding. Vanderbilt University owned 0.10% of Tenable worth $4,835,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Readystate Asset Management LP acquired a new position in shares of Tenable in the third quarter valued at $24,660,000. Assenagon Asset Management S.A. acquired a new position in shares of Tenable in the 4th quarter valued at $15,653,000. FMR LLC raised its position in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company's stock worth $616,347,000 after purchasing an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Tenable by 28.0% during the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock worth $37,294,000 after purchasing an additional 201,366 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Tenable by 430.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company's stock valued at $9,771,000 after purchasing an additional 201,360 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

Insider Activity

In other news, Director Raymond Jr. Vicks sold 809 shares of the firm's stock in a transaction 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 directly owns 8,659 shares in the company, valued at $333,544.68. This trade represents a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Yoran sold 4,828 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the sale, the chief executive officer now owns 45,171 shares of the company's stock, valued at $1,839,363.12. This represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,463 shares of company stock valued at $894,042. 4.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus cut Tenable from a "buy" rating to a "hold" rating and dropped their target price for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Jefferies Financial Group increased their price objective on Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Morgan Stanley restated an "equal weight" rating and issued a $47.00 target price (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Robert W. Baird dropped their target price on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Westpark Capital restated a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $49.67.

Tenable Trading Up 1.0 %

NASDAQ:TENB traded up $0.38 during trading hours on Friday, hitting $40.23. 1,744,615 shares of the stock were exchanged, compared to its average volume of 1,209,002. The company has a market capitalization of $4.83 billion, a P/E ratio of -134.10 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company's 50 day moving average is $41.38 and its two-hundred day moving average is $41.31. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $52.50.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.18 earnings per share for the current fiscal 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.