Canada Pension Plan Investment Board Sells 84,800 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Canada Pension Plan Investment Board cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 95.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,600 shares of the company’s stock after selling 84,800 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Tenable were worth $157,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TENB. First Trust Advisors LP increased its holdings in Tenable by 18.0% in the 4th quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock worth $205,085,000 after buying an additional 680,477 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after buying an additional 593,529 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Tenable by 20.2% in the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock worth $172,575,000 after buying an additional 585,559 shares in the last quarter. Vanguard Group Inc. increased its holdings in Tenable by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock worth $576,248,000 after buying an additional 259,552 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Tenable in the 2nd quarter worth about $7,740,000. 89.06% of the stock is currently owned by institutional investors.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 40,000 shares of Tenable stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total value of $1,908,800.00. Following the sale, the chief executive officer now owns 387,356 shares of the company’s stock, valued at approximately $18,484,628.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Tenable news, CEO Amit Yoran sold 40,000 shares of Tenable stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total value of $1,908,800.00. Following the completion of the transaction, the chief executive officer now directly owns 387,356 shares of the company’s stock, valued at approximately $18,484,628.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the completion of the transaction, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at approximately $11,627,082.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,469 shares of company stock valued at $2,429,076. Insiders own 4.30% of the company’s stock.

Tenable Trading Down 0.4 %

Shares of TENB opened at $39.92 on Friday. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The company has a 50 day simple moving average of $41.22 and a two-hundred day simple moving average of $43.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $4.75 billion, a P/E ratio of -68.83 and a beta of 0.83.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. The company had revenue of $221.24 million for the quarter, compared to the consensus estimate of $218.41 million. On average, equities analysts expect that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TENB shares. Scotiabank cut their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus cut their price target on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Tenable in a research note on Friday, September 13th. Baird R W upgraded Tenable to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Truist Financial restated a “buy” rating and set a $55.00 price target (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.67.

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.