Marshall Wace LLP Grows Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Marshall Wace LLP raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 61.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,302 shares of the company's stock after buying an additional 55,843 shares during the period. Marshall Wace LLP owned about 0.12% of Tenable worth $5,801,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Tenable by 858.2% during the 4th 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 during the period. SBI Securities Co. Ltd. bought a new stake in shares of Tenable during the fourth quarter worth $38,000. Larson Financial Group LLC boosted its stake 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 purchasing an additional 675 shares during the period. Nisa Investment Advisors LLC grew 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 worth $108,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Tenable by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after buying an additional 657 shares during the period. Institutional investors own 89.06% of the company's stock.

Tenable Stock Up 0.8 %

Shares of TENB traded up $0.27 during midday trading on Friday, hitting $32.98. 987,430 shares of the company's stock traded hands, compared to its average volume of 977,678. Tenable Holdings, Inc. has a 1 year low of $29.99 and a 1 year high of $49.18. The firm's fifty day moving average is $35.18 and its 200-day moving average is $39.17. 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 stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -109.93 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 for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

TENB has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Truist Financial reduced their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Scotiabank raised their price target on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Stephens began coverage on shares of Tenable in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $42.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.72.

Insiders Place Their Bets

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, 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 3,606 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the completion of the transaction, the chief executive officer now directly owns 74,295 shares in the company, valued at $2,858,871.60. This represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,128 shares of company stock valued at $539,256. Insiders own 1.50% of the company's stock.

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.