Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 22.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 37,185 shares of the company’s stock after selling 11,061 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Tenable were worth $1,464,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in Tenable by 15.1% during the fourth quarter. Handelsbanken Fonder AB now owns 31,200 shares of the company’s stock worth $1,229,000 after acquiring an additional 4,100 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Tenable during the 4th quarter worth about $1,819,000. State of New Jersey Common Pension Fund D raised its holdings in Tenable by 7.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 51,463 shares of the company’s stock valued at $2,027,000 after buying an additional 3,551 shares during the period. Rhumbline Advisers raised its holdings in Tenable by 2.2% in the 4th quarter. Rhumbline Advisers now owns 165,650 shares of the company’s stock valued at $6,523,000 after buying an additional 3,554 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in Tenable by 18.3% in the fourth quarter. Vontobel Holding Ltd. now owns 202,809 shares of the company’s stock valued at $7,987,000 after buying an additional 31,359 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of TENB opened at $38.14 on Friday. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30. The stock has a market capitalization of $4.58 billion, a PE ratio of -127.13 and a beta of 0.87. 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 50-day simple moving average of $40.50 and a 200-day simple moving average of $40.97.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,437 shares of company stock valued at $477,918. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TENB. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price target (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Scotiabank lifted their target price 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. Jefferies Financial Group upped their price target on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Barclays lifted their price objective on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.67.

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.