Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,038 shares of the company's stock after selling 41,495 shares during the period. Federated Hermes Inc. owned 0.08% of Tenable worth $3,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its holdings in Tenable by 2.6% in the 3rd 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. Wolverine Trading LLC acquired a new stake in Tenable in the 3rd quarter valued at about $206,000. Barclays PLC lifted its stake in Tenable by 31.9% in the 3rd quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after purchasing an additional 177,048 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tenable by 1.2% during the 3rd 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. Finally, Virtu Financial LLC purchased a new stake in shares of Tenable in the third quarter valued at approximately $282,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Trading Down 1.7 %

TENB traded down $0.53 during mid-day trading on Friday, hitting $31.44. 783,488 shares of the stock were exchanged, compared to its average volume of 969,284. The firm's fifty day moving average is $36.11 and its two-hundred day moving average is $39.56. Tenable Holdings, Inc. has a 1-year low of $30.50 and a 1-year high of $49.18. The company has a market cap of $3.78 billion, a PE ratio of -104.80 and a beta of 0.88. 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 issued 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 return on equity of 2.07% and a negative net margin of 4.03%. Equities analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TENB has been the topic of a number of recent research reports. Cantor Fitzgerald started coverage on Tenable in a research note on Monday, March 31st. They set an "overweight" rating and a $50.00 price objective on the stock. Barclays lowered their price target on shares of Tenable from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday. Morgan Stanley reduced their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Jefferies Financial Group dropped their price target on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Finally, Stephens assumed coverage on shares of Tenable in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $42.00 price target on the stock. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.71.

Insider Transactions at Tenable

In related news, CEO Mark C. Thurmond sold 3,606 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the sale, the chief executive officer now owns 74,295 shares of the company's stock, valued at $2,858,871.60. This trade represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the transaction, the chief executive officer now owns 316,523 shares of the company's stock, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,128 shares of company stock valued at $539,256. 4.30% of the stock is currently owned by company insiders.

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.