Dupont Capital Management Corp Sells 11,655 Shares of Tenable Holdings Inc (NASDAQ:TENB)

Dupont Capital Management Corp cut its holdings in shares of Tenable Holdings Inc (NASDAQ:TENB) by 50.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,364 shares of the company’s stock after selling 11,655 shares during the period. Dupont Capital Management Corp’s holdings in Tenable were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Railway Pension Investments Ltd lifted its holdings in Tenable by 45.2% during the third quarter. Railway Pension Investments Ltd now owns 273,024 shares of the company’s stock worth $6,110,000 after acquiring an additional 84,964 shares in the last quarter. Strs Ohio lifted its holdings in Tenable by 9.4% during the third quarter. Strs Ohio now owns 31,300 shares of the company’s stock worth $700,000 after acquiring an additional 2,700 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Tenable during the third quarter worth about $1,025,000. Diversified Trust Co bought a new position in Tenable during the third quarter worth about $205,000. Finally, Harbourvest Partners LLC bought a new position in Tenable during the second quarter worth about $1,246,000. Hedge funds and other institutional investors own 53.30% of the company’s stock.

TENB opened at $25.96 on Friday. The business’s 50-day moving average price is $23.04 and its two-hundred day moving average price is $26.12. Tenable Holdings Inc has a 1 year low of $20.00 and a 1 year high of $36.26. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -19.09 and a beta of 2.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.52 and a quick ratio of 1.52.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.17. The firm had revenue of $91.90 million for the quarter, compared to the consensus estimate of $88.79 million. Tenable had a negative return on equity of 64.40% and a negative net margin of 24.14%. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) EPS. Sell-side analysts anticipate that Tenable Holdings Inc will post -0.87 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Wedbush reissued a “buy” rating and issued a $44.00 price target on shares of Tenable in a research note on Wednesday, July 31st. Macquarie assumed coverage on Tenable in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $35.00 price target on the stock. SunTrust Banks assumed coverage on Tenable in a research note on Wednesday, October 2nd. They issued a “hold” rating and a $25.00 price target on the stock. Nomura set a $29.00 price target on Tenable and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus set a $38.00 price target on Tenable and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.91.

In related news, Director John C. Huffard, Jr. sold 25,466 shares of Tenable stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $24.98, for a total value of $636,140.68. Also, Director John C. Huffard, Jr. sold 50,000 shares of Tenable stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $25.48, for a total value of $1,274,000.00. 31.90% of the stock is currently owned by insiders.

Tenable Company Profile

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.

Further Reading: Gross Domestic Product (GDP)

Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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