Geode Capital Management LLC Has $110.42 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Geode Capital Management LLC grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,803,231 shares of the company's stock after acquiring an additional 8,746 shares during the period. Geode Capital Management LLC owned about 2.33% of Tenable worth $110,416,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TENB. Vanguard Group Inc. boosted its holdings in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after purchasing an additional 708,249 shares during the period. State Street Corp boosted its holdings in shares of 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 buying an additional 73,293 shares during the period. Norges Bank bought a new stake in shares of Tenable during the 4th quarter valued at about $54,950,000. Fisher Asset Management LLC raised its stake in Tenable by 17.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company's stock worth $48,768,000 after acquiring an additional 180,668 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Tenable by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 992,094 shares of the company's stock worth $39,069,000 after acquiring an additional 15,799 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

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Insider Buying and Selling

In other news, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction 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 sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares of the company's stock, valued at $1,632,482.96. This trade represents a 3.15 % 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. Corporate insiders own 4.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Morgan Stanley began coverage on Tenable in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 target price on the stock. Barclays reduced their price target on shares of Tenable from $48.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday. Cantor Fitzgerald initiated coverage on shares of Tenable in a report on Monday, March 31st. They issued an "overweight" rating and a $50.00 price objective on the stock. Finally, Scotiabank boosted their target price on shares of Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of "Moderate Buy" and an average target price of $47.29.

Tenable Price Performance

Shares of Tenable stock traded down $0.15 during trading on Tuesday, hitting $32.88. The stock had a trading volume of 109,977 shares, compared to its average volume of 968,205. The business has a fifty day moving average of $36.60 and a two-hundred day moving average of $39.73. Tenable Holdings, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $49.18. The firm has a market cap of $3.95 billion, a P/E ratio of -109.56 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly 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%. On average, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.