Migdal Insurance & Financial Holdings Ltd. Has $1.15 Million Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,518 shares of the company’s stock after selling 1,327 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Tenable were worth $1,151,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Crestwood Advisors Group LLC lifted its stake in shares of Tenable by 5.0% in the second quarter. Crestwood Advisors Group LLC now owns 5,249 shares of the company’s stock valued at $229,000 after buying an additional 250 shares during the period. Delphia USA Inc. lifted its position in shares of Tenable by 5.0% in the 4th quarter. Delphia USA Inc. now owns 6,107 shares of the company’s stock worth $233,000 after acquiring an additional 290 shares during the period. Verition Fund Management LLC grew its holdings in shares of Tenable by 1.4% during the 4th quarter. Verition Fund Management LLC now owns 21,278 shares of the company’s stock worth $812,000 after purchasing an additional 292 shares in the last quarter. Metropolitan Life Insurance Co NY increased its position in shares of Tenable by 4.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,923 shares of the company’s stock valued at $264,000 after purchasing an additional 299 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Tenable by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,160 shares of the company’s stock valued at $321,000 after purchasing an additional 332 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Truist Financial upped their target price on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Susquehanna increased their price target on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Tenable in a report on Wednesday, April 10th. Finally, Stephens raised their target price on Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and an average target price of $56.63.

Insider Buying and Selling at Tenable

In other news, CEO Amit Yoran sold 33,201 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $47.90, for a total value of $1,590,327.90. Following the transaction, the chief executive officer now owns 291,532 shares of the company’s stock, valued at approximately $13,964,382.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Amit Yoran sold 33,201 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $47.90, for a total value of $1,590,327.90. Following the completion of the sale, the chief executive officer now directly owns 291,532 shares of the company’s stock, valued at approximately $13,964,382.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mark C. Thurmond sold 3,976 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total transaction of $188,223.84. Following the completion of the sale, the chief operating officer now owns 53,500 shares in the company, valued at $2,532,690. The disclosure for this sale can be found here. In the last 90 days, insiders sold 350,583 shares of company stock worth $16,611,943. Insiders own 4.50% of the company’s stock.

Tenable Price Performance

Shares of TENB stock opened at $44.38 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The stock has a 50-day moving average price of $48.16 and a 200 day moving average price of $45.10.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.06. The company had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. As a group, analysts predict that Tenable Holdings, Inc. will post -0.12 EPS for the current year.

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.