First Trust Advisors LP Buys 137,150 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

First Trust Advisors LP grew its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,332,650 shares of the company's stock after buying an additional 137,150 shares during the quarter. First Trust Advisors LP owned 1.94% of Tenable worth $91,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Tenable in the fourth quarter worth $54,950,000. Vanguard Group Inc. increased its holdings in Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after buying an additional 708,249 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Tenable in the fourth quarter worth about $15,653,000. FMR LLC grew its position in shares of Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after acquiring an additional 304,237 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Tenable during the 4th quarter worth approximately $11,170,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Ratings Changes

TENB has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Tenable from a "buy" rating to a "hold" rating and dropped their price objective for the company from $46.00 to $45.00 in a report on Friday, January 17th. Cantor Fitzgerald began coverage on shares of Tenable in a research note on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price for the company. Morgan Stanley cut their price objective on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, UBS Group dropped their target price on Tenable from $55.00 to $47.00 and set a "buy" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $46.72.

Insiders Place Their Bets

In other news, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock valued at $539,256 over the last 90 days. Insiders own 1.50% of the company's stock.

Tenable Price Performance

TENB traded up $0.27 on Friday, reaching $32.98. The company had a trading volume of 987,430 shares, compared to its average volume of 976,180. Tenable Holdings, Inc. has a 52-week low of $29.99 and a 52-week high of $49.18. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -109.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50 day simple moving average of $35.18 and a 200 day simple moving average of $39.19.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share 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%. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current 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.