Russell Investments Group Ltd. Sells 4,276 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Russell Investments Group Ltd. lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 141,740 shares of the company’s stock after selling 4,276 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tenable were worth $6,529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TENB. Raymond James & Associates boosted its holdings in shares of Tenable by 4.8% in the 3rd quarter. Raymond James & Associates now owns 17,336 shares of the company’s stock worth $777,000 after buying an additional 800 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Tenable by 2.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 45,740 shares of the company’s stock worth $2,049,000 after purchasing an additional 904 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Tenable by 169.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,638 shares of the company’s stock worth $297,000 after purchasing an additional 4,172 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Tenable by 10.4% in the 3rd quarter. Y.D. More Investments Ltd now owns 16,195 shares of the company’s stock worth $758,000 after purchasing an additional 1,526 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in Tenable by 64.4% in the third quarter. Teacher Retirement System of Texas now owns 24,309 shares of the company’s stock valued at $1,089,000 after purchasing an additional 9,524 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank initiated coverage on Tenable in a research note on Friday, April 26th. They issued a “sector perform” rating and a $47.00 target price on the stock. Wedbush restated an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a research note on Thursday, May 2nd. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Friday, January 12th. Stephens upped their price target on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Susquehanna lifted their price objective on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Tenable Price Performance

NASDAQ:TENB opened at $44.84 on Thursday. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of -77.31 and a beta of 0.94. 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 stock has a fifty day moving average of $46.94 and a 200 day moving average of $45.22. 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. Tenable had a negative return on equity of 10.59% and a negative net margin of 8.18%. On average, research analysts expect that Tenable Holdings, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity at Tenable

In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the transaction, the director now owns 2 shares of the company’s stock, valued at approximately $101.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Tenable news, COO Mark C. Thurmond sold 1,089 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total transaction of $51,977.97. Following the sale, the chief operating officer now owns 48,846 shares in the company, valued at $2,331,419.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Kay Zecher sold 2,600 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the transaction, the director now owns 2 shares of the company’s stock, valued at $101.50. The disclosure for this sale can be found here. Insiders have sold 313,406 shares of company stock valued at $14,833,391 over the last three months. 4.30% of the stock is owned by corporate insiders.

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.