Sirios Capital Management L P Sells 3,503 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Sirios Capital Management L P cut its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,628 shares of the company’s stock after selling 3,503 shares during the quarter. Sirios Capital Management L P’s holdings in Tenable were worth $2,562,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TENB. Victory Capital Management Inc. boosted its stake in Tenable by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 12,454 shares of the company’s stock valued at $558,000 after purchasing an additional 633 shares during the period. New York State Common Retirement Fund boosted its stake in Tenable by 164.9% in the 3rd quarter. New York State Common Retirement Fund now owns 121,062 shares of the company’s stock valued at $5,424,000 after purchasing an additional 75,369 shares during the period. Swiss National Bank boosted its stake in Tenable by 1.0% in the 3rd quarter. Swiss National Bank now owns 252,500 shares of the company’s stock valued at $11,312,000 after purchasing an additional 2,600 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Tenable by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,403 shares of the company’s stock valued at $42,802,000 after purchasing an additional 32,653 shares during the period. Finally, Shell Asset Management Co. bought a new stake in Tenable in the 3rd quarter valued at $138,000. 89.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TENB shares. Scotiabank started coverage on Tenable in a research report on Friday, April 26th. They set a “sector perform” rating and a $47.00 target price for the company. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Tenable in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $62.00 target price on shares of Tenable in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 200,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $46.93, for a total value of $9,386,000.00. Following the transaction, the chief financial officer now owns 257,256 shares in the company, valued at $12,073,024.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Tenable news, CEO Amit Yoran sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $47.65, for a total value of $476,500.00. Following the transaction, the chief executive officer now owns 338,226 shares in the company, valued at $16,116,468.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen A. Vintz sold 200,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $46.93, for a total value of $9,386,000.00. Following the completion of the sale, the chief financial officer now directly owns 257,256 shares of the company’s stock, valued at $12,073,024.08. The disclosure for this sale can be found here. Insiders have sold a total of 272,047 shares of company stock worth $12,779,475 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Tenable Trading Up 1.6 %

Shares of NASDAQ TENB traded up $0.65 during trading on Monday, reaching $41.10. The company had a trading volume of 745,932 shares, compared to its average volume of 899,756. The company’s fifty day moving average price is $44.97 and its 200-day moving average price is $45.82. 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 $4.89 billion, a P/E ratio of -71.07 and a beta of 0.85. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The firm had revenue of $215.96 million for the quarter, compared to analyst estimates of $213.56 million. As a group, research analysts expect that Tenable Holdings, Inc. will post -0.14 earnings per share for the current year.

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.