Assenagon Asset Management S.A. Sells 114,238 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Assenagon Asset Management S.A. lowered its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 28.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 283,257 shares of the company’s stock after selling 114,238 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.24% of Tenable worth $9,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Tenable by 21.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,082 shares of the company’s stock valued at $359,000 after purchasing an additional 1,603 shares during the period. Vontobel Holding Ltd. raised its holdings in Tenable by 18.3% in the 4th quarter. Vontobel Holding Ltd. now owns 202,809 shares of the company’s stock worth $7,987,000 after acquiring an additional 31,359 shares during the last quarter. Rhumbline Advisers raised its holdings in Tenable by 2.2% in the 4th quarter. Rhumbline Advisers now owns 165,650 shares of the company’s stock worth $6,523,000 after acquiring an additional 3,554 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Tenable by 7.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 51,463 shares of the company’s stock worth $2,027,000 after acquiring an additional 3,551 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in Tenable in the 4th quarter worth approximately $1,819,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $31.86 on Friday. The firm has a market cap of $3.89 billion, a PE ratio of -106.20 and a beta of 0.79. The firm’s 50 day simple moving average is $32.24 and its 200-day simple moving average is $36.96. Tenable Holdings, Inc. has a one year low of $28.75 and a one year high of $49.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The company had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Tenable’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. As a group, equities analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,499 shares of Tenable stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $207,838.02. Following the transaction, the chief executive officer now directly owns 331,394 shares of the company’s stock, valued at approximately $10,597,980.12. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 5,577 shares of Tenable stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $178,352.46. Following the completion of the transaction, the chief executive officer now directly owns 75,210 shares in the company, valued at $2,405,215.80. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,845 shares of company stock valued at $637,709 over the last ninety days. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Robert W. Baird dropped their target price on shares of Tenable from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. UBS Group dropped their price objective on shares of Tenable from $47.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Morgan Stanley dropped their price objective on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald assumed coverage on shares of Tenable in a report on Monday, March 31st. They issued an “overweight” rating and a $50.00 price target for the company. Eight analysts have rated the stock with a hold rating, ten have given 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 target price of $40.44.

Tenable Company 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.