Tenable Holdings, Inc. (NASDAQ:TENB) Stock Holdings Decreased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 45.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 469,525 shares of the company’s stock after selling 388,813 shares during the period. Loomis Sayles & Co. L P’s holdings in Tenable were worth $18,490,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Tenable by 34.1% during the third quarter. Thrivent Financial for Lutherans now owns 34,673 shares of the company’s stock worth $1,405,000 after purchasing an additional 8,821 shares during the last quarter. Citigroup Inc. lifted its position in shares of Tenable by 92.4% in the 3rd quarter. Citigroup Inc. now owns 146,365 shares of the company’s stock worth $5,931,000 after buying an additional 70,307 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after buying an additional 652 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Tenable by 28.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock valued at $37,294,000 after buying an additional 201,366 shares during the period. Finally, FMR LLC grew its position in shares of Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock valued at $570,418 over the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on TENB. Jefferies Financial Group lifted their target price on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Scotiabank boosted their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Barclays upped their price objective on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Finally, Morgan Stanley began coverage on shares of Tenable in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.20.

Tenable Trading Down 2.8 %

Tenable stock opened at $34.94 on Friday. Tenable Holdings, Inc. has a 12-month low of $34.66 and a 12-month high of $50.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $4.20 billion, a PE ratio of -116.47 and a beta of 0.87. The firm has a 50 day simple moving average of $39.15 and a 200-day simple moving average of $40.32.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

About Tenable

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.