Bank of New York Mellon Corp Sells 29,905 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Bank of New York Mellon Corp lowered its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 744,622 shares of the company's stock after selling 29,905 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of Tenable worth $29,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company's stock worth $616,347,000 after acquiring an additional 305,334 shares during the last quarter. State Street Corp raised its position in Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company's stock valued at $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock worth $113,255,000 after purchasing an additional 33,303 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Tenable by 0.6% in the 3rd quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company's stock worth $46,025,000 after purchasing an additional 7,301 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Tenable by 17.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company's stock valued at $42,859,000 after purchasing an additional 158,409 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

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Insider Activity

In related news, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the sale, the director now directly owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,437 shares of company stock valued at $477,918. Corporate insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

TENB has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Needham & Company LLC restated a "buy" rating and issued a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Stifel Nicolaus cut shares of Tenable from a "buy" rating to a "hold" rating and cut their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Barclays lifted their target price on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Scotiabank boosted their price target on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.67.

Tenable Trading Down 1.3 %

NASDAQ TENB traded down $0.49 on Wednesday, hitting $36.22. The company's stock had a trading volume of 614,132 shares, compared to its average volume of 1,147,590. The firm has a market cap of $4.36 billion, a P/E ratio of -120.76 and a beta of 0.87. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $50.30. The company's 50-day simple moving average is $40.01 and its 200 day simple moving average is $40.71. 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 (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS 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.