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

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,845 shares of the company’s stock after selling 8,108 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.09% of Tenable worth $4,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Tenable in the 2nd quarter valued at about $40,000. Fidelis Capital Partners LLC purchased a new stake in Tenable during the first quarter worth approximately $58,000. Allspring Global Investments Holdings LLC increased its position in shares of Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after acquiring an additional 312 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Tenable in the 1st quarter valued at $189,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tenable during the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TENB. Wells Fargo & Company cut their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Susquehanna dropped their target price on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Jefferies Financial Group initiated coverage on Tenable in a report on Wednesday. They issued a “hold” rating and a $45.00 price target for the company. Piper Sandler dropped their price objective on shares of Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, Scotiabank decreased their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.19.

Insider Activity at Tenable

In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction dated 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 owns 34,079 shares of the company’s stock, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Amit Yoran sold 40,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the completion of the transaction, the chief executive officer now directly owns 387,356 shares in the company, valued at $18,484,628.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 3,383 shares of the firm’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 completion of the sale, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. The trade was 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 valued at $2,429,076 in the last quarter. Insiders own 4.30% of the company’s stock.

Tenable Price Performance

Shares of TENB opened at $42.69 on Thursday. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -76.23 and a beta of 0.83. The stock has a 50 day moving average of $40.84 and a 200-day moving average of $42.75.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. As a group, analysts forecast that Tenable Holdings, Inc. will post -0.06 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.