Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,232,278 shares of the company's stock after selling 147,262 shares during the period. American Century Companies Inc. owned about 1.03% of Tenable worth $48,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Larson Financial Group LLC raised its holdings in shares of Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after acquiring an additional 652 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Tenable in the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC lifted its holdings in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock valued at $108,000 after purchasing an additional 1,172 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after purchasing an additional 657 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Tenable during the fourth quarter worth $126,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In other news, CEO Mark C. Thurmond sold 3,606 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total transaction of $138,758.88. Following the transaction, the chief executive officer now directly owns 74,295 shares of the company's stock, valued at approximately $2,858,871.60. This trade represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the company's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares of the company's stock, valued at $333,544.68. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,937 shares of company stock valued at $570,418 over the last three months. Company insiders own 4.30% of the company's stock.

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Wall Street Analyst Weigh In

TENB has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Scotiabank upped their price objective on Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. Morgan Stanley began coverage on Tenable in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 target price on the stock. Barclays boosted their price target on Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus lowered shares of Tenable from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.20.

Tenable Stock Down 2.8 %

TENB stock traded down $1.02 during mid-day trading on Friday, hitting $34.94. 989,357 shares of the company were exchanged, compared to its average volume of 954,114. The company has a market capitalization of $4.20 billion, a PE ratio of -116.47 and a beta of 0.87. The firm has a fifty day simple moving average of $39.15 and a 200 day simple moving average of $40.34. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a twelve month low of $34.66 and a twelve month high of $50.07.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.