Franklin Resources Inc. Trims Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Franklin Resources Inc. cut its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 405,146 shares of the company's stock after selling 43,440 shares during the quarter. Franklin Resources Inc. owned 0.34% of Tenable worth $15,955,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after acquiring an additional 575 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable in the 4th quarter valued at about $38,000. Larson Financial Group LLC increased its position in Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after buying an additional 675 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in 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 buying an additional 1,172 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after acquiring an additional 657 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total transaction of $138,758.88. Following the completion of the transaction, the chief executive officer now owns 74,295 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of Tenable stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the transaction, the chief executive officer now owns 316,523 shares of the company's stock, valued at $12,078,517.68. The trade was a 2.07 % 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 valued at $539,256. Company insiders own 4.30% of the company's stock.

Remove Ads

Tenable Stock Performance

Shares of NASDAQ:TENB traded down $0.03 during midday trading on Friday, reaching $32.84. The company had a trading volume of 586,768 shares, compared to its average volume of 972,282. Tenable Holdings, Inc. has a 52-week low of $30.50 and a 52-week high of $49.71. The company's 50 day moving average price is $36.80 and its 200 day moving average price is $39.78. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.95 billion, a P/E ratio of -109.47 and a beta of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last released 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, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Tenable in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $40.00 target price on the stock. Stifel Nicolaus lowered 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 research note on Friday, January 17th. Jefferies Financial Group decreased their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Scotiabank raised their price target on shares of Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Finally, Stephens started coverage on Tenable in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $42.00 price target for the company. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued 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 price target of $47.76.

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.