Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. cut its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 40,045 shares of the company’s stock after selling 332 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Tenable were worth $1,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd lifted its position in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after purchasing an additional 1,172 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after buying an additional 657 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Tenable during the fourth quarter worth about $126,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Jefferies Financial Group lifted their price objective 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. Finally, Piper Sandler dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.44.

Insider Buying and Selling at Tenable

In other news, Director Raymond Jr. Vicks sold 809 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the transaction, the director now directly owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amit Yoran sold 5,293 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the completion of the sale, the chief executive officer now owns 51,691 shares of the company’s stock, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,463 shares of company stock valued at $894,042 in the last ninety days. Insiders own 4.30% of the company’s stock.

Tenable Stock Down 7.8 %

Shares of TENB opened at $39.85 on Friday. The company’s 50 day simple moving average is $41.45 and its 200-day simple moving average is $41.34. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 6.82% and a negative return on equity of 6.21%. Sell-side analysts expect that Tenable Holdings, Inc. will post -0.02 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.