Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,098,710 shares of the company's stock after selling 825,332 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.91% of Tenable worth $43,267,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 worth $25,000 after acquiring an additional 575 shares during the last quarter. Larson Financial Group LLC grew its position in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after purchasing an additional 652 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Tenable in the fourth quarter valued at $38,000. Nisa Investment Advisors LLC raised its holdings in shares of Tenable by 74.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock valued at $108,000 after buying an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. raised 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 buying an additional 657 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

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Tenable Price Performance

NASDAQ:TENB traded down $1.64 during mid-day trading on Thursday, hitting $33.52. 360,776 shares of the company's stock traded hands, compared to its average volume of 954,333. Tenable Holdings, Inc. has a 1 year low of $32.99 and a 1 year high of $50.07. The company has a market cap of $4.03 billion, a PE ratio of -111.52 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm's 50 day simple moving average is $38.77 and its 200 day simple moving average is $40.24.

Tenable (NASDAQ:TENB - Get Free Report) last posted its 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 net margin of 4.03% and a negative return on equity of 2.07%. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on TENB. Scotiabank boosted their price target on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Jefferies Financial Group cut their price target on Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday. Cantor Fitzgerald initiated coverage on Tenable in a report on Monday. They set an "overweight" rating and a $50.00 price target for the company. Stephens initiated coverage on shares of Tenable in a research report on Tuesday. They issued an "equal weight" rating and a $42.00 price objective on the stock. Finally, Stifel Nicolaus downgraded shares of Tenable from a "buy" rating to a "hold" rating and cut their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. 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 company's stock. According to MarketBeat, Tenable currently has an average rating of "Moderate Buy" and a consensus price target of $47.76.

Insider Activity at Tenable

In other news, 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 transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares in the company, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction 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 completion of the transaction, the director now owns 353 shares of the company's stock, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is owned by insiders.

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.