Westfield Capital Management Co. LP Has $78.52 Million Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Westfield Capital Management Co. LP lessened its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 22.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,704,735 shares of the company’s stock after selling 490,357 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Tenable were worth $78,520,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Tenable by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,251,265 shares of the company’s stock valued at $548,857,000 after purchasing an additional 285,678 shares during the period. Mackenzie Financial Corp lifted its holdings in Tenable by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock valued at $139,937,000 after buying an additional 16,515 shares during the period. William Blair Investment Management LLC boosted its stake in Tenable by 36.6% in the third quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock valued at $135,668,000 after acquiring an additional 810,831 shares during the last quarter. American Century Companies Inc. grew its holdings in Tenable by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock worth $80,278,000 after acquiring an additional 245,243 shares during the period. Finally, Norges Bank bought a new stake in shares of Tenable during the 4th quarter valued at $56,568,000. Institutional investors own 89.06% of the company’s stock.

Tenable Stock Up 1.4 %

Shares of TENB traded up $0.61 during midday trading on Friday, hitting $43.74. The stock had a trading volume of 807,488 shares, compared to its average volume of 806,862. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -75.41 and a beta of 0.94. The company has a 50 day simple moving average of $46.32 and a two-hundred day simple moving average of $45.56. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.23.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The business had revenue of $215.96 million for the quarter, compared to analyst estimates of $213.56 million. On average, analysts anticipate that Tenable Holdings, Inc. will post -0.14 EPS for the current year.

Insider Activity

In related news, CFO Stephen A. Vintz sold 200,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total value of $9,386,000.00. Following the completion of the transaction, the chief financial officer now owns 257,256 shares of the company’s stock, valued at $12,073,024.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Tenable news, CFO Stephen A. Vintz sold 9,671 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $47.72, for a total transaction of $461,500.12. Following the transaction, the chief financial officer now owns 260,492 shares of the company’s stock, valued at approximately $12,430,678.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen A. Vintz sold 200,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total value of $9,386,000.00. Following the completion of the sale, the chief financial officer now directly owns 257,256 shares of the company’s stock, valued at approximately $12,073,024.08. The disclosure for this sale can be found here. Insiders have sold 296,664 shares of company stock worth $14,004,154 over the last ninety days. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the topic of several recent research reports. Stephens raised their price target on Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Truist Financial boosted their target price on Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $62.00 price target on shares of Tenable in a research report on Tuesday, May 14th. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Tenable in a report on Thursday, May 2nd. Finally, Susquehanna increased their target price on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Tenable has an average rating of “Moderate Buy” and an average price target of $57.20.

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.