Stephens Investment Management Group LLC Has $37.93 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Stephens Investment Management Group LLC lessened its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 0.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 963,210 shares of the company’s stock after selling 645 shares during the period. Stephens Investment Management Group LLC’s holdings in Tenable were worth $37,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Readystate Asset Management LP acquired a new position in Tenable in the third quarter worth about $24,660,000. Assenagon Asset Management S.A. acquired a new stake in shares of Tenable during the 4th quarter worth about $15,653,000. FMR LLC boosted its position in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 buying an additional 201,366 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Tenable by 430.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock valued at $9,771,000 after acquiring an additional 201,360 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Jefferies Financial Group upped their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Piper Sandler reduced their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Barclays upped their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Robert W. Baird dropped their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.67.

Tenable Stock Up 1.0 %

Shares of NASDAQ:TENB opened at $40.23 on Friday. 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 Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $52.50. The company has a 50-day simple moving average of $41.38 and a 200 day simple moving average of $41.31.

Tenable (NASDAQ:TENB) last released its quarterly 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 net margin of 4.03% and a negative return on equity of 2.07%. Research analysts forecast that Tenable Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the sale, the chief executive officer now directly owns 45,171 shares in the company, valued at $1,839,363.12. This represents a 9.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,463 shares of company stock worth $894,042. Company 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.