IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 17,261 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,106 shares of the company's stock after buying an additional 17,261 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.10% of Tenable worth $4,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TENB. FMR LLC lifted its position in Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company's stock worth $616,347,000 after buying an additional 305,334 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 708,249 shares in the last quarter. State Street Corp lifted its position in shares of Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company's stock worth $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock valued at $113,255,000 after purchasing an additional 33,303 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Tenable by 17.1% in the fourth quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company's stock valued at $48,768,000 after purchasing an additional 180,668 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

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Tenable Stock Down 1.7 %

Shares of NASDAQ:TENB traded down $0.58 during trading on Monday, hitting $34.36. 266,613 shares of the company's stock traded hands, compared to its average volume of 951,448. 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 company has a 50-day moving average price of $39.15 and a 200-day moving average price of $40.34. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $50.07. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -114.58 and a beta of 0.87.

Tenable (NASDAQ:TENB - Get Free Report) last announced 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%. As a group, research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TENB. Scotiabank increased their price objective on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Cantor Fitzgerald started coverage on Tenable in a research report on Monday. They issued an "overweight" rating and a $50.00 price objective for the company. Barclays upped their target price on shares of Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Jefferies Financial Group lifted their price target on shares of Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus lowered shares of Tenable from a "buy" rating to a "hold" rating and cut their price objective for the company from $46.00 to $45.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.63.

Insider Buying and Selling at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now directly owns 353 shares in the company, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the business's stock in a transaction on 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 sale, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,937 shares of company stock worth $570,418. Corporate insiders own 4.30% of the company's stock.

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.