Russell Investments Group Ltd. Sells 4,276 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Russell Investments Group Ltd. decreased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 141,740 shares of the company’s stock after selling 4,276 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Tenable worth $6,529,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Tenable by 2.4% during the third quarter. Vanguard Group Inc. now owns 12,251,265 shares of the company’s stock worth $548,857,000 after buying an additional 285,678 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Tenable by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock valued at $139,937,000 after purchasing an additional 16,515 shares in the last quarter. William Blair Investment Management LLC raised its position in Tenable by 36.6% in the 3rd quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock valued at $135,668,000 after purchasing an additional 810,831 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in Tenable by 11.6% in the third quarter. Westfield Capital Management Co. LP now owns 2,195,092 shares of the company’s stock worth $98,340,000 after purchasing an additional 227,977 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Tenable by 15.9% during the third quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock worth $80,278,000 after purchasing an additional 245,243 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TENB shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price target on shares of Tenable in a report on Thursday, May 2nd. Scotiabank assumed coverage on shares of Tenable in a research note on Friday, April 26th. They set a “sector perform” rating and a $47.00 price target on the stock. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, January 12th. Stephens increased their price objective on Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, Susquehanna lifted their target price on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.20.

Insider Buying and Selling

In other Tenable news, COO Mark C. Thurmond sold 1,089 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total value of $51,977.97. Following the completion of the sale, the chief operating officer now directly owns 48,846 shares in the company, valued at $2,331,419.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Stephen A. Vintz sold 5,216 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.22, for a total value of $241,083.52. Following the sale, the chief financial officer now directly owns 238,593 shares of the company’s stock, valued at approximately $11,027,768.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mark C. Thurmond sold 1,089 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total value of $51,977.97. Following the transaction, the chief operating officer now owns 48,846 shares of the company’s stock, valued at approximately $2,331,419.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,406 shares of company stock valued at $14,833,391. 4.30% of the stock is owned by company insiders.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $44.84 on Thursday. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of -77.31 and a beta of 0.94. The firm’s 50 day simple moving average is $46.94 and its 200 day simple moving average is $45.22. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. The company had revenue of $213.31 million for the quarter, compared to analysts’ expectations of $206.95 million. As a group, sell-side analysts forecast that Tenable Holdings, Inc. will post -0.14 earnings per share 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.