Strs Ohio Has $1.06 Million Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Strs Ohio lessened its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,000 shares of the company’s stock after selling 11,500 shares during the quarter. Strs Ohio’s holdings in Tenable were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its holdings in shares of Tenable by 13.0% during the fourth quarter. Vontobel Holding Ltd. now owns 225,593 shares of the company’s stock worth $10,391,000 after acquiring an additional 25,934 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of Tenable during the fourth quarter worth approximately $1,887,000. Mutual of America Capital Management LLC boosted its holdings in shares of Tenable by 39.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock worth $3,816,000 after acquiring an additional 23,385 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $36,906,000 after acquiring an additional 48,410 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its holdings in shares of Tenable by 0.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 121,194 shares of the company’s stock worth $5,582,000 after acquiring an additional 474 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Westpark Capital upgraded Tenable from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, January 12th. Morgan Stanley upgraded Tenable from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $60.00 in a research note on Tuesday, January 9th. Truist Financial boosted their price target on Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Tenable in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their price target on Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.63.

Insider Transactions at Tenable

In other news, COO Mark C. Thurmond sold 3,976 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total transaction of $188,223.84. Following the completion of the transaction, the chief operating officer now directly owns 53,500 shares in the company, valued at $2,532,690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Amit Yoran sold 12,329 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.22, for a total transaction of $569,846.38. Following the completion of the transaction, the chief executive officer now directly owns 304,444 shares in the company, valued at $14,071,401.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark C. Thurmond sold 3,976 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total transaction of $188,223.84. Following the transaction, the chief operating officer now owns 53,500 shares of the company’s stock, valued at $2,532,690. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,382 shares of company stock worth $15,021,615. Corporate insiders own 4.30% of the company’s stock.

Tenable Price Performance

Shares of TENB opened at $46.15 on Wednesday. Tenable Holdings, Inc. has a one year low of $33.85 and a one year high of $53.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a 50 day simple moving average of $47.71 and a two-hundred day simple moving average of $45.10.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. The company had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. On average, equities research analysts anticipate that Tenable Holdings, Inc. will post -0.12 EPS 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.