New York State Common Retirement Fund Reduces Position in Tenable Holdings, Inc. (NASDAQ:TENB)

New York State Common Retirement Fund decreased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 61.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,790 shares of the company’s stock after selling 74,272 shares during the period. New York State Common Retirement Fund’s holdings in Tenable were worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. increased its holdings in shares of Tenable by 3.5% in the fourth quarter. Xponance Inc. now owns 6,939 shares of the company’s stock valued at $320,000 after purchasing an additional 232 shares during the period. PNC Financial Services Group Inc. raised its position in Tenable by 4.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,160 shares of the company’s stock worth $321,000 after buying an additional 332 shares during the last quarter. Diversified Trust Co raised its position in Tenable by 5.5% during the 4th quarter. Diversified Trust Co now owns 6,901 shares of the company’s stock worth $318,000 after buying an additional 361 shares during the last quarter. Arizona State Retirement System lifted its stake in Tenable by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 32,696 shares of the company’s stock valued at $1,465,000 after acquiring an additional 467 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its holdings in shares of Tenable by 0.4% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 121,194 shares of the company’s stock valued at $5,582,000 after acquiring an additional 474 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 0.2 %

Shares of NASDAQ TENB opened at $45.64 on Wednesday. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of -78.69 and a beta of 0.94. The company’s 50-day simple moving average is $46.99 and its 200-day simple moving average is $45.22. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable Holdings, Inc. has a 52-week low of $33.85 and a 52-week high of $53.50.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. The firm had revenue of $213.31 million for the quarter, compared to analyst estimates of $206.95 million. Equities analysts predict that Tenable Holdings, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other news, CFO Stephen A. Vintz sold 5,216 shares of Tenable stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total value of $241,083.52. Following the sale, the chief financial officer now directly owns 238,593 shares of the company’s stock, valued at $11,027,768.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tenable news, CFO Stephen A. Vintz sold 5,216 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total value of $241,083.52. Following the transaction, the chief financial officer now owns 238,593 shares in the company, valued at approximately $11,027,768.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 15,505 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the sale, the chief financial officer now directly owns 257,924 shares of the company’s stock, valued at approximately $12,782,713.44. The disclosure for this sale can be found here. Insiders sold 313,406 shares of company stock valued at $14,833,391 over the last quarter. 4.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Tenable in a research note on Thursday, May 2nd. Morgan Stanley upgraded Tenable from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $46.00 to $60.00 in a research report 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 report on Wednesday, February 7th. Finally, Scotiabank initiated coverage on shares of Tenable in a research note on Friday, April 26th. They set a “sector perform” rating and a $47.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.20.

Tenable Company 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.