Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,238,396 shares of the company's stock after buying an additional 180,668 shares during the quarter. Fisher Asset Management LLC owned approximately 1.03% of Tenable worth $48,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Readystate Asset Management LP acquired a new stake in Tenable during the third quarter worth approximately $24,660,000. Assenagon Asset Management S.A. acquired a new stake in Tenable during the 4th quarter worth $15,653,000. FMR LLC lifted its position in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company's stock valued at $616,347,000 after acquiring an additional 305,334 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Tenable by 28.0% in the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock valued at $37,294,000 after acquiring an additional 201,366 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Tenable by 430.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company's stock worth $9,771,000 after purchasing an additional 201,360 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tenable

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value of $31,162.68. Following the sale, the director now owns 8,659 shares of the company's stock, valued at $333,544.68. This represents a 8.54 % 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, CEO Mark C. Thurmond sold 3,606 shares of the firm's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 12,437 shares of company stock valued at $477,918 in the last ninety days. Corporate insiders own 4.30% of the company's stock.

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Tenable Price Performance

Shares of Tenable stock traded down $1.19 during trading on Thursday, reaching $37.35. The company's stock had a trading volume of 384,476 shares, compared to its average volume of 1,130,491. The business has a 50 day moving average price of $40.26 and a 200-day moving average price of $40.87. The company has a market capitalization of $4.49 billion, a P/E ratio of -124.49 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $50.30.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TENB. Needham & Company LLC reissued a "buy" rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Scotiabank increased their price objective on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Morgan Stanley restated an "equal weight" rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Stifel Nicolaus cut shares of Tenable from a "buy" rating to a "hold" rating and decreased their price target for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Finally, Barclays lifted their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tenable currently has an average rating of "Moderate Buy" and an average price target of $49.67.

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.