Tenable Holdings, Inc. (NASDAQ:TENB) Position Cut by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 7.2% during the 3rd quarter, Holdings Channel reports. The fund owned 104,845 shares of the company’s stock after selling 8,108 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Tenable were worth $4,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Tenable by 0.3% during the first quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock valued at $620,018,000 after purchasing an additional 32,535 shares in the last quarter. Mackenzie Financial Corp increased its stake in Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares during the period. RGM Capital LLC raised its position in shares of Tenable by 4.5% during the 2nd quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after buying an additional 153,127 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Tenable by 20.2% in the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock worth $172,575,000 after acquiring an additional 585,559 shares during the period. Finally, Champlain Investment Partners LLC boosted its holdings in shares of Tenable by 59.5% in the first quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock valued at $78,650,000 after acquiring an additional 593,529 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amit Yoran sold 5,673 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the sale, the chief executive officer now owns 39,309 shares of the company’s stock, valued at $1,641,150.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,469 shares of company stock worth $2,429,076 in the last quarter. 4.30% of the stock is currently owned by corporate insiders.

Tenable Stock Up 0.3 %

NASDAQ:TENB opened at $42.69 on Thursday. The business’s fifty day moving average price is $40.84 and its 200 day moving average price is $42.75. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of -76.23 and a beta of 0.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $221.24 million for the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. On average, sell-side analysts forecast that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TENB. Robert W. Baird dropped their target price on Tenable from $55.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Susquehanna cut their price objective on Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a report on Thursday, August 1st. Stifel Nicolaus decreased their target price on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Barclays dropped their price target on shares of Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Finally, Jefferies Financial Group began coverage on shares of Tenable in a research report on Wednesday. They set a “hold” rating and a $45.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.19.

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.