Clearline Capital LP Sells 5,388 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Clearline Capital LP cut its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 19.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,969 shares of the company’s stock after selling 5,388 shares during the period. Clearline Capital LP’s holdings in Tenable were worth $905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TENB. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 acquiring an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Tenable during the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Tenable during the fourth quarter valued at $38,000. Johnson Financial Group Inc. bought a new position in shares of Tenable in the fourth quarter worth about $53,000. Finally, Larson Financial Group LLC lifted its holdings in Tenable by 89.9% during the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after buying an additional 675 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Up 0.5 %

Shares of TENB opened at $31.30 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $3.76 billion, a PE ratio of -104.33 and a beta of 0.83. The company’s 50-day simple moving average is $34.07 and its 200-day simple moving average is $38.60. Tenable Holdings, Inc. has a 1 year low of $28.75 and a 1 year high of $49.18.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The business had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. Analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares of the company’s stock, valued at $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,128 shares of company stock worth $539,256. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TENB shares. Cantor Fitzgerald assumed coverage on shares of Tenable in a report on Monday, March 31st. They set an “overweight” rating and a $50.00 price objective on the stock. Jefferies Financial Group decreased their price objective on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. reduced their target price on shares of Tenable from $53.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Scotiabank lowered their price objective on Tenable from $45.00 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group dropped their price target on Tenable from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus price target of $40.44.

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.