Migdal Insurance & Financial Holdings Ltd. Sells 332 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,045 shares of the company’s stock after selling 332 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Tenable were worth $1,577,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Covestor Ltd raised its position in Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Tenable by 74.1% in the fourth 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. Pacer Advisors Inc. grew its holdings in Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock worth $111,000 after acquiring an additional 657 shares in the last quarter. Finally, R Squared Ltd bought a new position in Tenable during the 4th quarter worth about $126,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TENB. Robert W. Baird dropped their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Barclays boosted their price target on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday. Scotiabank lifted their target price on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Piper Sandler decreased their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $50.44.

Insider Transactions at Tenable

In other news, CFO Stephen A. Vintz sold 3,180 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $135,913.20. Following the sale, the chief financial officer now owns 285,045 shares of the company’s stock, valued at $12,182,823.30. This trade represents a 1.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amit Yoran sold 5,293 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the completion of the transaction, the chief executive officer now owns 51,691 shares of the company’s stock, valued at approximately $2,209,273.34. This represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,463 shares of company stock worth $894,042 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

Tenable Stock Performance

Shares of TENB opened at $39.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average of $41.45 and a two-hundred day moving average of $41.34. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 6.82% and a negative return on equity of 6.21%. On average, research analysts forecast that Tenable Holdings, Inc. will post -0.02 earnings per share for the current fiscal year.

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.