Quantbot Technologies LP Grows Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Quantbot Technologies LP boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,882 shares of the company's stock after acquiring an additional 22,000 shares during the period. Quantbot Technologies LP owned about 0.08% of Tenable worth $3,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System boosted its position in Tenable by 1.0% during the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock valued at $1,361,000 after purchasing an additional 332 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Tenable by 3.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock valued at $616,000 after buying an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tenable by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company's stock valued at $2,118,000 after buying an additional 457 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after buying an additional 652 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of 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 last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

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Analyst Ratings Changes

Several brokerages have weighed in on TENB. Barclays raised their target price on shares of Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Stifel Nicolaus lowered Tenable from a "buy" rating to a "hold" rating and reduced their target price for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Morgan Stanley began coverage on Tenable in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.20.

Insider Activity

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares of the company's stock, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the 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 transaction, the director now owns 8,659 shares of the company's stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is currently owned by company insiders.

Tenable Price Performance

Shares of TENB stock traded down $0.36 during trading hours on Wednesday, reaching $36.42. The company had a trading volume of 985,295 shares, compared to its average volume of 925,041. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $50.30. 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 company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -121.40 and a beta of 0.87. The stock has a fifty day moving average of $39.48 and a 200-day moving average of $40.41.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results 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%. On average, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

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.