William Blair Investment Management LLC Has $103.96 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

William Blair Investment Management LLC decreased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 35.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,640,029 shares of the company’s stock after selling 1,433,485 shares during the period. William Blair Investment Management LLC owned about 2.20% of Tenable worth $103,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cibc World Markets Corp acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $435,000. Hilton Capital Management LLC increased its holdings in shares of Tenable by 4.5% in the fourth quarter. Hilton Capital Management LLC now owns 35,268 shares of the company’s stock valued at $1,389,000 after purchasing an additional 1,532 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Tenable by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 3,442 shares of the company’s stock valued at $135,000 after purchasing an additional 1,398 shares in the last quarter. Swiss National Bank increased its holdings in shares of Tenable by 0.8% in the fourth quarter. Swiss National Bank now owns 234,200 shares of the company’s stock valued at $9,223,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tenable by 5.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,300 shares of the company’s stock valued at $2,178,000 after purchasing an additional 3,019 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Trading Up 1.9 %

TENB opened at $36.75 on Tuesday. The stock has a market capitalization of $4.42 billion, a P/E ratio of -122.50 and a beta of 0.87. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $50.30. The firm’s fifty day simple moving average is $39.75 and its 200 day simple moving average is $40.56. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now directly owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,937 shares of company stock worth $570,418. Insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TENB shares. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Jefferies Financial Group lifted their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Scotiabank lifted their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.67.

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.