Teza Capital Management LLC Reduces Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Teza Capital Management LLC reduced its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENBFree Report) by 36.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,686 shares of the company’s stock after selling 4,995 shares during the period. Teza Capital Management LLC’s holdings in Tenable were worth $389,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in Tenable in the 3rd quarter worth about $2,363,000. Trexquant Investment LP acquired a new stake in shares of Tenable in the 3rd quarter worth $2,536,000. Westfield Capital Management Co. LP boosted its holdings in Tenable by 11.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,195,092 shares of the company’s stock worth $98,340,000 after acquiring an additional 227,977 shares in the last quarter. Numerai GP LLC acquired a new position in Tenable during the 3rd quarter valued at approximately $228,000. Finally, O Neil Global Advisors Inc. acquired a new stake in Tenable during the 3rd quarter worth about $305,000. Hedge funds and other institutional investors own 88.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Susquehanna increased their price target on Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Wells Fargo & Company increased their price target on Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Stephens raised their price target on Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $46.00 to $60.00 in a research note on Tuesday, January 9th. Finally, Needham & Company LLC raised their target price on shares of Tenable from $56.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.63.

Check Out Our Latest Stock Report on TENB

Tenable Stock Performance

Shares of Tenable stock opened at $47.76 on Tuesday. The firm’s fifty day simple moving average is $47.53 and its 200-day simple moving average is $44.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of -70.24 and a beta of 0.94. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50.

Tenable (NASDAQ:TENBGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. As a group, equities analysts forecast that Tenable Holdings, Inc. will post -0.12 earnings per share for the current year.

Insider Activity

In related news, CEO Amit Yoran sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $47.58, for a total value of $109,434.00. Following the sale, the chief executive officer now owns 291,532 shares in the company, valued at approximately $13,871,092.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Tenable news, CEO Amit Yoran sold 2,300 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $47.58, for a total value of $109,434.00. Following the sale, the chief executive officer now owns 291,532 shares of the company’s stock, valued at $13,871,092.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen A. Vintz sold 5,216 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.22, for a total value of $241,083.52. Following the completion of the sale, the chief financial officer now directly owns 238,593 shares in the company, valued at approximately $11,027,768.46. The disclosure for this sale can be found here. Insiders sold 105,768 shares of company stock worth $5,029,285 in the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

Tenable Company Profile

(Free Report)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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