Charles Schwab Investment Management Inc. Raises Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Charles Schwab Investment Management Inc. grew its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 992,094 shares of the company's stock after acquiring an additional 15,799 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.83% of Tenable worth $39,069,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Covestor Ltd lifted its position in Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after buying an additional 652 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Tenable during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after acquiring an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TENB shares. Stifel Nicolaus lowered Tenable from a "buy" rating to a "hold" rating and dropped their price target for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Scotiabank lifted 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. Barclays boosted their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group lifted their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Seven equities 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.20.

Tenable Trading Up 1.4 %

TENB stock traded up $0.51 on Wednesday, reaching $37.50. The company's stock had a trading volume of 783,149 shares, compared to its average volume of 916,281. The firm has a market cap of $4.51 billion, a PE ratio of -124.98 and a beta of 0.87. The business has a fifty day simple moving average of $39.71 and a two-hundred day simple moving average of $40.53. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $50.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

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

Insider Transactions at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,937 shares of company stock valued at $570,418. Corporate insiders own 4.30% of the company's stock.

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.