Migdal Insurance & Financial Holdings Ltd. Sells 1,327 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Migdal Insurance & Financial Holdings Ltd. reduced its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,518 shares of the company’s stock after selling 1,327 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Tenable were worth $1,151,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanderbilt University raised its position in Tenable by 51.4% in the 4th quarter. Vanderbilt University now owns 65,313 shares of the company’s stock valued at $3,008,000 after buying an additional 22,187 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Tenable by 60.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 32,000 shares of the company’s stock valued at $1,419,000 after purchasing an additional 12,000 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Tenable by 15.9% in the third quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock valued at $80,278,000 after purchasing an additional 245,243 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Tenable by 6.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 801,267 shares of the company’s stock valued at $36,906,000 after purchasing an additional 48,410 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in Tenable by 5.7% during the third quarter. Loomis Sayles & Co. L P now owns 972,017 shares of the company’s stock worth $43,546,000 after purchasing an additional 52,021 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Tenable news, CEO Amit Yoran sold 33,201 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $47.90, for a total value of $1,590,327.90. Following the completion of the transaction, the chief executive officer now owns 291,532 shares in the company, valued at approximately $13,964,382.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Mark C. Thurmond sold 1,089 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total value of $51,977.97. Following the transaction, the chief operating officer now owns 48,846 shares of the company’s stock, valued at $2,331,419.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Amit Yoran sold 33,201 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $47.90, for a total value of $1,590,327.90. Following the transaction, the chief executive officer now owns 291,532 shares of the company’s stock, valued at $13,964,382.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 350,583 shares of company stock worth $16,611,943. 4.50% of the stock is owned by corporate insiders.

Tenable Trading Down 2.9 %

TENB opened at $44.38 on Thursday. The firm has a 50-day moving average price of $48.16 and a 200-day moving average price of $45.10. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The company had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. As a group, analysts predict that Tenable Holdings, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on TENB shares. Wells Fargo & Company lifted their target price on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Tenable in a report on Wednesday, April 10th. Needham & Company LLC restated a “buy” rating and issued a $62.00 price objective on shares of Tenable in a research note on Tuesday, March 19th. Susquehanna raised their target price on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Westpark Capital raised shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and an average price target of $56.63.

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.