Emerald Advisers LLC Sells 212,272 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Emerald Advisers LLC lowered its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 25.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 615,929 shares of the company’s stock after selling 212,272 shares during the quarter. Emerald Advisers LLC’s holdings in Tenable were worth $24,255,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TENB. Vanguard Group Inc. grew its position in Tenable by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock valued at $549,234,000 after acquiring an additional 708,249 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Tenable in the 4th quarter valued at $218,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Tenable in the 4th quarter worth $981,000. Quantbot Technologies LP lifted its holdings in shares of Tenable by 29.8% in the 4th quarter. Quantbot Technologies LP now owns 95,882 shares of the company’s stock worth $3,776,000 after buying an additional 22,000 shares during the period. Finally, Summit Global Investments purchased a new stake in shares of Tenable in the 4th quarter worth $1,523,000. Institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TENB shares. Morgan Stanley started coverage on Tenable in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 target price for the company. Jefferies Financial Group upped their price objective on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. 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. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and an average price target of $49.20.

Tenable Stock Up 0.3 %

Shares of TENB stock opened at $36.25 on Friday. The stock’s 50-day simple moving average is $39.57 and its 200-day simple moving average is $40.45. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $4.36 billion, a PE ratio of -120.83 and a beta of 0.87. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $50.30.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share 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%. Equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,937 shares of company stock valued at $570,418 over the last ninety days. Company insiders own 4.30% of the company’s stock.

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.