Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 16.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,052 shares of the company’s stock after selling 1,185 shares during the quarter. Wedbush Securities Inc.’s holdings in Tenable were worth $238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after buying an additional 575 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable during the 4th quarter valued at approximately $38,000. Larson Financial Group LLC boosted its stake in shares of Tenable by 89.9% during the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after acquiring an additional 675 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after acquiring an additional 1,172 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Tenable by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on TENB shares. Truist Financial decreased their target price on Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group decreased their price objective on shares of Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $45.00 in a report on Friday, January 17th. Finally, Scotiabank increased their price target on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and an average target price of $47.76.

Tenable Trading Down 3.3 %

Shares of Tenable stock opened at $32.87 on Friday. The firm has a market cap of $3.95 billion, a PE ratio of -109.57 and a beta of 0.88. 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 fifty-two week low of $30.50 and a fifty-two week high of $50.07. The business’s fifty day moving average is $37.01 and its two-hundred day moving average is $39.83.

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%. Analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 3,606 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total value of $138,758.88. Following the sale, the chief executive officer now owns 74,295 shares of the company’s stock, valued at $2,858,871.60. This represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,128 shares of company stock valued at $539,256. Insiders own 4.30% of the company’s stock.

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.