Blair William & Co. IL Sells 59,501 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Blair William & Co. IL lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,117 shares of the company’s stock after selling 59,501 shares during the quarter. Blair William & Co. IL owned about 0.18% of Tenable worth $8,353,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Arizona State Retirement System boosted its position in shares of Tenable by 1.0% during the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock valued at $1,361,000 after purchasing an additional 332 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock valued at $616,000 after buying an additional 450 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tenable by 0.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after buying an additional 457 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after buying an additional 575 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of 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 acquiring an additional 652 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TENB has been the subject of a number of research reports. Barclays raised their price target on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Scotiabank raised their target price on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Morgan Stanley began coverage on Tenable in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 price objective for the company. Finally, Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.20.

Tenable Stock Performance

Shares of TENB stock opened at $34.94 on Friday. Tenable Holdings, Inc. has a one year low of $34.66 and a one year high of $50.07. The company has a market cap of $4.20 billion, a P/E ratio of -116.47 and a beta of 0.87. The firm has a 50-day moving average of $39.15 and a 200-day moving average of $40.33. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $13,061. This represents a 87.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 in the last ninety days. 4.30% of the stock is currently owned by insiders.

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.