Emerald Advisers LLC Trims Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Emerald Advisers LLC trimmed its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 25.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 615,929 shares of the company’s stock after selling 212,272 shares during the period. Emerald Advisers LLC owned 0.51% of Tenable worth $24,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TENB. Vanguard Group Inc. grew its stake in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares during the period. Readystate Asset Management LP purchased a new stake in shares of Tenable in the third quarter worth $24,660,000. Assenagon Asset Management S.A. purchased a new stake in shares of Tenable in the fourth quarter worth $15,653,000. FMR LLC grew its stake in shares of Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after acquiring an additional 305,334 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Tenable by 28.0% in the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after acquiring an additional 201,366 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TENB has been the topic of several recent analyst reports. Jefferies Financial Group increased their price objective 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 set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Scotiabank increased their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Finally, Barclays increased their price objective on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.20.

Tenable Stock Up 0.3 %

NASDAQ TENB opened at $36.25 on Friday. The stock’s 50-day moving average price is $39.57 and its 200-day moving average price is $40.45. The company has a quick ratio of 1.28, a current 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 $50.30. The company has a market capitalization of $4.36 billion, a P/E ratio of -120.83 and a beta of 0.87.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data 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%. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value of $31,162.68. Following 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. In the last 90 days, insiders have sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is owned by company insiders.

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.