Voya Investment Management LLC Cuts Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Voya Investment Management LLC lessened its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 775,635 shares of the company's stock after selling 66,257 shares during the period. Voya Investment Management LLC owned about 0.65% of Tenable worth $30,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Tenable during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new position in Tenable in the 4th quarter valued at about $38,000. Larson Financial Group LLC increased its stake in Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock worth $56,000 after purchasing an additional 675 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after purchasing an additional 1,172 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Buying and Selling

In related news, CEO Stephen A. Vintz sold 6,681 shares of Tenable stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 over the last quarter. 1.50% of the stock is currently owned by insiders.

Tenable Stock Performance

Shares of NASDAQ TENB traded up $0.13 during trading hours on Monday, reaching $33.11. The stock had a trading volume of 865,904 shares, compared to its average volume of 977,231. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -110.37 and a beta of 0.88. Tenable Holdings, Inc. has a fifty-two week low of $29.99 and a fifty-two week high of $49.18. The firm has a 50-day moving average of $35.04 and a 200-day moving average of $39.09. 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 (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TENB shares. UBS Group cut their target price on shares of Tenable from $55.00 to $47.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday. Barclays lowered their target price on Tenable from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Stephens began coverage on Tenable in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $42.00 price target on the stock. Finally, Truist Financial decreased their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Tenable presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.53.

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.