Tenable Holdings, Inc. (NASDAQ:TENB) Position Reduced by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning trimmed its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 34.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,191 shares of the company’s stock after selling 2,176 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Tenable were worth $207,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TENB. Natixis Advisors L.P. lifted its position in shares of Tenable by 9.6% in the 3rd quarter. Natixis Advisors L.P. now owns 15,892 shares of the company’s stock worth $712,000 after buying an additional 1,387 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Tenable by 24.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,599 shares of the company’s stock worth $296,000 after buying an additional 1,307 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Tenable in the 3rd quarter worth about $2,363,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Tenable in the 3rd quarter worth about $762,000. Finally, Quadrature Capital Ltd bought a new position in shares of Tenable in the 3rd quarter worth about $892,000. 89.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Stephen A. Vintz sold 2,813 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $123,096.88. Following the completion of the sale, the chief financial officer now directly owns 260,955 shares in the company, valued at $11,419,390.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Tenable news, CFO Stephen A. Vintz sold 2,813 shares of Tenable stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $43.76, for a total value of $123,096.88. Following the completion of the sale, the chief financial officer now directly owns 260,955 shares in the company, valued at $11,419,390.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 2,219 shares of Tenable stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $97,103.44. Following the completion of the sale, the chief operating officer now owns 30,335 shares of the company’s stock, valued at $1,327,459.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,132 shares of company stock worth $1,049,183. 4.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TENB. Scotiabank assumed coverage on shares of Tenable in a research report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Tenable in a report on Friday, June 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.20.

Tenable Trading Down 0.7 %

Shares of TENB opened at $43.31 on Thursday. The firm’s 50 day moving average is $42.85 and its 200-day moving average is $45.77. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. Tenable Holdings, Inc. has a 12-month low of $33.85 and a 12-month high of $53.50.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. The company had revenue of $215.96 million during the quarter, compared to analysts’ expectations of $213.56 million. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post -0.14 earnings per share for the current year.

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.