JPMorgan Chase & Co. Has $21.67 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

JPMorgan Chase & Co. increased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 67.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 550,278 shares of the company's stock after buying an additional 221,728 shares during the period. JPMorgan Chase & Co. owned about 0.46% of Tenable worth $21,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tenable by 858.2% in the 4th 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 during the period. SBI Securities Co. Ltd. acquired a new position in shares of Tenable during the 4th quarter worth $38,000. Larson Financial Group LLC grew its stake 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 acquiring an additional 675 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 657 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays reduced their target price on Tenable from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday. Stephens began coverage on Tenable in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $42.00 price objective for the company. 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. Cantor Fitzgerald began coverage on Tenable in a research note on Monday, March 31st. They set an "overweight" rating and a $50.00 price target on the stock. Finally, Jefferies Financial Group dropped their target price on Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.29.

Insider Buying and Selling at Tenable

In related news, CEO Stephen A. Vintz sold 6,681 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value 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 approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares of the company's stock, valued at approximately $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 valued at $539,256. 4.30% of the stock is currently owned by corporate insiders.

Tenable Stock Performance

Tenable stock traded down $0.50 during midday trading on Wednesday, reaching $32.46. 82,858 shares of the stock traded hands, compared to its average volume of 967,025. The firm has a fifty day moving average price of $36.46 and a two-hundred day moving average price of $39.68. 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 firm has a market cap of $3.90 billion, a price-to-earnings ratio of -108.33 and a beta of 0.88. Tenable Holdings, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $49.18.

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, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Tenable Company 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.