Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 27.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,422 shares of the company’s stock after selling 3,887 shares during the period. Aigen Investment Management LP’s holdings in Tenable were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. Larson Financial Group LLC increased its holdings in 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 purchasing an additional 652 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Tenable in the 4th quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its holdings in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Tenable by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Price Performance

Tenable stock opened at $36.50 on Friday. The stock has a market cap of $4.39 billion, a P/E ratio of -121.67 and a beta of 0.87. The company has a fifty day simple moving average of $40.13 and a 200-day simple moving average of $40.80. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $50.30. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Equities analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were 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 of the company’s stock, valued at $1,632,482.96. This represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,437 shares of company stock valued at $477,918. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TENB. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and dropped their target price for the company from $46.00 to $45.00 in a report on Friday, January 17th. Scotiabank lifted their target price on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.67.

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.