Fmr LLC Buys 304,237 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

FMR LLC boosted its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,515,164 shares of the company's stock after purchasing an additional 304,237 shares during the quarter. FMR LLC owned about 12.91% of Tenable worth $610,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after acquiring an additional 708,249 shares during the last quarter. State Street Corp grew its stake in Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company's stock worth $118,058,000 after buying an additional 73,293 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Tenable by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock worth $110,416,000 after buying an additional 8,746 shares during the last quarter. Norges Bank purchased a new stake in shares of Tenable during the 4th quarter valued at $54,950,000. Finally, Fisher Asset Management LLC raised its position in shares of Tenable by 17.1% during the 4th quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company's stock valued at $48,768,000 after buying an additional 180,668 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms recently commented on TENB. Needham & Company LLC reissued a "buy" rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Cantor Fitzgerald initiated coverage on shares of Tenable in a report on Monday, March 31st. They set an "overweight" rating and a $50.00 target price on the stock. Jefferies Financial Group lowered 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. Stifel Nicolaus cut Tenable from a "buy" rating to a "hold" rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Finally, Barclays boosted their target price on Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Tenable presently has an average rating of "Moderate Buy" and a consensus target price of $47.76.

Tenable Stock Up 0.7 %

Shares of TENB traded up $0.22 on Monday, reaching $33.06. The stock had a trading volume of 178,591 shares, compared to its average volume of 968,513. 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 Holdings, Inc. has a 12-month low of $30.50 and a 12-month high of $49.18. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -110.20 and a beta of 0.88. The company has a 50-day simple moving average of $36.80 and a 200-day simple moving average of $39.78.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.03% and a negative return on equity of 2.07%. Sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity

In other Tenable news, CEO Mark C. Thurmond sold 1,341 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the company'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 transaction of $92,500.00. Following the completion of the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,128 shares of company stock worth $539,256. Insiders own 4.30% of the company's stock.

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.