William Blair Investment Management LLC Trims Position in Tenable Holdings, Inc. (NASDAQ:TENB)

William Blair Investment Management LLC trimmed its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 35.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,640,029 shares of the company's stock after selling 1,433,485 shares during the period. William Blair Investment Management LLC owned approximately 2.20% of Tenable worth $103,964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after buying an additional 652 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Tenable in the 4th quarter worth about $38,000. Nisa Investment Advisors LLC boosted its stake in shares of Tenable by 74.1% during the 4th 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 during the period. Pacer Advisors Inc. grew its holdings in Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after purchasing an additional 657 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Tenable in the 4th quarter worth about $126,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Stock Up 0.3 %

Shares of Tenable stock traded up $0.12 on Friday, reaching $36.25. The stock had a trading volume of 1,942,412 shares, compared to its average volume of 918,128. 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 stock has a market capitalization of $4.36 billion, a P/E ratio of -120.83 and a beta of 0.87. The company has a 50 day moving average price of $39.62 and a 200 day moving average price of $40.48. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30.

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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 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%. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Stifel Nicolaus downgraded Tenable from a "buy" rating to a "hold" rating and decreased their target price for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Scotiabank upped their price target on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. Finally, Barclays lifted their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.20.

Insider Transactions at Tenable

In other 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 transaction of $254,946.96. Following the completion of the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 sale, the director now directly owns 353 shares in the company, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,937 shares of company stock worth $570,418. Insiders own 4.30% of the company's stock.

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.