Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 371,830 shares of the company’s stock after selling 3,882 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Tenable were worth $14,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after purchasing an additional 177,048 shares during the last quarter. Virtu Financial LLC acquired a new stake in Tenable in the 3rd quarter worth about $282,000. Tidal Investments LLC grew its holdings in Tenable by 19.4% in the 3rd quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock valued at $1,277,000 after buying an additional 5,116 shares during the period. Franklin Resources Inc. increased its stake in shares of Tenable by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock valued at $18,984,000 after acquiring an additional 30,530 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after acquiring an additional 25,247 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Tenable from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald assumed coverage on Tenable in a research report on Monday, March 31st. They set an “overweight” rating and a $50.00 price target for the company. Scotiabank raised their price objective on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Stephens initiated coverage on Tenable in a report on Tuesday, April 1st. They set an “equal weight” rating and a $42.00 target price for the company. Finally, Jefferies Financial Group decreased their price target on shares of Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.71.

Insiders Place Their Bets

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on 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 of the company’s stock, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 353 shares of the company’s stock, valued at approximately $13,061. This trade represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,128 shares of company stock valued at $539,256 over the last quarter. Insiders own 1.50% of the company’s stock.

Tenable Price Performance

Shares of TENB opened at $31.44 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -104.80 and a beta of 0.88. Tenable Holdings, Inc. has a 52 week low of $30.50 and a 52 week high of $49.18. The stock has a 50 day moving average of $35.93 and a 200-day moving average of $39.49.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share 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, analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

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.