Rhumbline Advisers Reduces Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Rhumbline Advisers lowered its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 2.9% in the first quarter, Holdings Channel.com reports. The fund owned 82,841 shares of the company’s stock after selling 2,481 shares during the quarter. Rhumbline Advisers’ holdings in Tenable were worth $2,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TENB. FMR LLC boosted its holdings in Tenable by 336.7% during the 1st quarter. FMR LLC now owns 678,769 shares of the company’s stock valued at $21,489,000 after acquiring an additional 523,335 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in Tenable during the 1st quarter valued at $244,000. Nisa Investment Advisors LLC lifted its holdings in shares of Tenable by 27.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,300 shares of the company’s stock worth $120,000 after buying an additional 500 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Tenable by 22.6% in the 4th quarter. Victory Capital Management Inc. now owns 11,056 shares of the company’s stock worth $578,000 after buying an additional 2,041 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Tenable by 12.7% in the 4th quarter. California Public Employees Retirement System now owns 163,074 shares of the company’s stock worth $8,522,000 after buying an additional 18,374 shares during the period. Institutional investors own 81.81% of the company’s stock.

TENB opened at $42.99 on Friday. The company has a market cap of $4.54 billion, a price-to-earnings ratio of -159.22 and a beta of 1.71. Tenable Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $58.45. The stock has a fifty day moving average of $39.76.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. Tenable had a negative return on equity of 14.01% and a negative net margin of 5.97%. The company had revenue of $123.20 million for the quarter, compared to analyst estimates of $119.72 million. During the same period in the prior year, the company posted ($0.09) EPS. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts expect that Tenable Holdings, Inc. will post -0.51 earnings per share for the current year.

Several brokerages have weighed in on TENB. Canaccord Genuity upped their target price on Tenable from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Barclays began coverage on Tenable in a report on Monday, February 22nd. They issued an “overweight” rating and a $54.00 target price for the company. Zacks Investment Research cut Tenable from a “hold” rating to a “sell” rating in a report on Saturday, May 1st. Finally, Stifel Nicolaus began coverage on Tenable in a report on Wednesday, February 17th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $52.29.

In related news, Director Arthur W. Coviello, Jr. sold 19,166 shares of the company’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $37.23, for a total transaction of $713,550.18. Following the transaction, the director now directly owns 33,406 shares of the company’s stock, valued at approximately $1,243,705.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stephen A. Riddick sold 2,420 shares of the company’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $36.73, for a total value of $88,886.60. Following the transaction, the general counsel now directly owns 23,815 shares in the company, valued at $874,724.95. The disclosure for this sale can be found here. Insiders have sold a total of 199,578 shares of company stock worth $7,798,126 over the last ninety days. 8.40% of the stock is currently owned by corporate insiders.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company's platforms include Tenable.io, a cloud-delivered software as a service; and Tenable.sc, an on-premises solution. Its platforms provides organizations with a risk-based view of traditional and modern attack surfaces to deliver a complete and continuous view of assets, associated vulnerabilities, internal and regulatory compliance violations, misconfigurations, and other cybersecurity issues, as well as prioritizes these issues for remediation based on risk assessment and predictive analytics, and provides insightful remediation guidance.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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