Legal & General Group Plc Grows Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Legal & General Group Plc lifted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,517 shares of the company's stock after purchasing an additional 9,275 shares during the quarter. Legal & General Group Plc owned about 0.35% of Tenable worth $16,599,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after acquiring an additional 575 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable during the fourth quarter worth $38,000. Larson Financial Group LLC grew its holdings in shares of Tenable by 89.9% during the fourth 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 during the last quarter. Nisa Investment Advisors LLC raised its stake in Tenable by 74.1% in the 4th 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 position in Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after acquiring an additional 657 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Scotiabank raised their price objective on Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. 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. Stifel Nicolaus lowered 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, Cantor Fitzgerald began coverage on Tenable in a report on Monday, March 31st. They set an "overweight" rating and a $50.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Tenable has a consensus rating of "Moderate Buy" and a consensus target price of $46.71.

Tenable Price Performance

Tenable stock traded down $0.53 during midday trading on Friday, reaching $31.44. The company had a trading volume of 783,488 shares, compared to its average volume of 969,284. Tenable Holdings, Inc. has a 12-month low of $30.50 and a 12-month high of $49.18. The firm's fifty day simple moving average is $36.11 and its 200-day simple moving average is $39.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $3.78 billion, a P/E ratio of -104.80 and a beta of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity

In other news, Director Linda Kay Zecher sold 2,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the transaction, the director now owns 353 shares of the company's stock, valued at approximately $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock worth $539,256 over the last three months. 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.