VIRGINIA RETIREMENT SYSTEMS ET Al Sells 11,100 Shares of Tenable Holdings, Inc. $TENB

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 11.4% during the third quarter, HoldingsChannel.com reports. The firm owned 86,022 shares of the company’s stock after selling 11,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Tenable were worth $3,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Tenable during the 2nd quarter valued at approximately $498,387,000. Arrowstreet Capital Limited Partnership boosted its holdings in Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after acquiring an additional 2,375,587 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Tenable in the second quarter worth $76,759,000. Freestone Grove Partners LP purchased a new stake in shares of Tenable in the second quarter worth $42,489,000. Finally, SEB Asset Management AB purchased a new stake in shares of Tenable in the first quarter worth $18,935,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of analyst reports. Piper Sandler upped their price target on shares of Tenable from $30.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday. Scotiabank reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Tenable in a report on Thursday. Wedbush upped their target price on shares of Tenable from $29.00 to $35.00 and gave the stock an “underperform” rating in a research note on Thursday. TD Cowen upped their target price on shares of Tenable from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Tenable from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average price target of $46.25.

Tenable Price Performance

NASDAQ TENB opened at $47.45 on Tuesday. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $53.22. The firm has a market capitalization of $5.23 billion, a P/E ratio of 365.03 and a beta of 1.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $38.29 and a 200-day moving average price of $28.90.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $276.39 million during the quarter, compared to the consensus estimate of $271.58 million. Tenable had a net margin of 1.48% and a return on equity of 20.80%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.58 earnings per share for the current year.

Tenable Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.