Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 64.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,933 shares of the company's stock after purchasing an additional 9,385 shares during the quarter. Teacher Retirement System of Texas' holdings in Tenable were worth $942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in shares of Tenable by 34.1% in the third quarter. Thrivent Financial for Lutherans now owns 34,673 shares of the company's stock worth $1,405,000 after buying an additional 8,821 shares during the last quarter. Citigroup Inc. boosted its position in Tenable by 92.4% in the 3rd quarter. Citigroup Inc. now owns 146,365 shares of the company's stock worth $5,931,000 after purchasing an additional 70,307 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of 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 period. The Manufacturers Life Insurance Company increased its holdings in shares of Tenable by 28.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock valued at $37,294,000 after purchasing an additional 201,366 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Tenable by 19.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 76,523 shares of the company's stock valued at $3,101,000 after purchasing an additional 12,635 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday. Morgan Stanley began coverage on shares of Tenable in a research note on Tuesday, March 18th. They set an "equal weight" rating and a $40.00 target price on the stock. Truist Financial cut their price target on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research note on Monday. Stephens initiated coverage on Tenable in a research report on Tuesday. They set an "equal weight" rating and a $42.00 price target on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.76.

Tenable Price Performance

Shares of Tenable stock traded down $0.01 during trading hours on Wednesday, reaching $35.16. 891,519 shares of the company's stock were exchanged, compared to its average volume of 956,641. The business has a fifty day moving average of $38.77 and a two-hundred day moving average of $40.24. The company has a market capitalization of $4.23 billion, a P/E ratio of -117.20 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 1 year low of $33.84 and a 1 year high of $50.07.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value 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 $12,078,517.68. This represents a 2.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares of the company's stock, valued at $333,544.68. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock worth $570,418 over the last ninety days. Corporate insiders own 4.30% of the company's stock.

Tenable 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.