Stephens Investment Management Group LLC Decreases Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Stephens Investment Management Group LLC decreased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 955,187 shares of the company’s stock after selling 8,023 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.79% of Tenable worth $33,412,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Caas Capital Management LP acquired a new position in shares of Tenable during the first quarter worth about $301,000. Xponance Inc. lifted its stake in Tenable by 6.6% in the first quarter. Xponance Inc. now owns 9,021 shares of the company’s stock worth $316,000 after acquiring an additional 562 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Tenable by 47.6% during the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company’s stock worth $59,031,000 after acquiring an additional 544,375 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Tenable by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 772,177 shares of the company’s stock valued at $27,011,000 after purchasing an additional 27,555 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Tenable by 551.7% in the 1st quarter. Teacher Retirement System of Texas now owns 155,976 shares of the company’s stock valued at $5,456,000 after purchasing an additional 132,043 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Down 5.2%

Shares of NASDAQ:TENB opened at $32.56 on Friday. Tenable Holdings, Inc. has a 1-year low of $28.75 and a 1-year high of $49.18. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $3.98 billion, a P/E ratio of -88.00 and a beta of 0.80. The firm has a fifty day moving average price of $32.77 and a 200 day moving average price of $35.74.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The business had revenue of $239.14 million during the quarter, compared to the consensus estimate of $234.12 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

TENB has been the subject of a number of analyst reports. Stephens downgraded shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Cantor Fitzgerald assumed coverage on Tenable in a research report on Monday, March 31st. They set an “overweight” rating and a $50.00 price objective for the company. Truist Financial dropped their price objective on Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Stifel Nicolaus decreased their target price on Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price target on Tenable from $53.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.44.

Insider Transactions at Tenable

In related news, CEO Stephen A. Vintz sold 3,386 shares of Tenable stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total value of $109,875.70. Following the transaction, the chief executive officer directly owned 328,008 shares in the company, valued at $10,643,859.60. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 2,483 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $80,573.35. Following the transaction, the chief executive officer owned 72,727 shares of the company’s stock, valued at approximately $2,359,991.15. The trade was a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,845 shares of company stock worth $637,709 over the last 90 days. 1.50% of the stock is currently owned by 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.