Vanguard Group Inc. Raises Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Vanguard Group Inc. grew its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,947,023 shares of the company's stock after buying an additional 708,249 shares during the quarter. Vanguard Group Inc. owned approximately 11.61% of Tenable worth $549,234,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TENB. SBI Securities Co. Ltd. bought a new stake in shares of Tenable in the 4th quarter valued at about $38,000. Larson Financial Group LLC raised its stake in Tenable by 89.9% in 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 period. Nisa Investment Advisors LLC lifted its position 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. Pacer Advisors Inc. boosted its stake in shares of 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. Finally, R Squared Ltd acquired a new position in shares of Tenable during the 4th quarter worth approximately $126,000. Institutional investors own 89.06% of the company's stock.

Analyst Ratings Changes

TENB has been the topic of several research reports. Truist Financial decreased their price objective on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday. 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. Stephens initiated coverage on shares of Tenable in a research report on Tuesday. They set an "equal weight" rating and a $42.00 price objective for the company. Scotiabank upped their target price on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus downgraded Tenable from a "buy" rating to a "hold" rating and reduced their price target for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Tenable presently has an average rating of "Moderate Buy" and an average target price of $47.76.

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Tenable Price Performance

NASDAQ:TENB traded down $1.81 on Thursday, hitting $33.35. The company had a trading volume of 814,133 shares, compared to its average volume of 956,075. 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 $4.01 billion, a price-to-earnings ratio of -111.17 and a beta of 0.87. Tenable Holdings, Inc. has a 52 week low of $32.99 and a 52 week high of $50.07. The firm has a 50 day moving average of $38.77 and a two-hundred day moving average of $40.24.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share 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%. On average, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In other news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction dated Wednesday, January 8th. The shares were 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 owns 8,659 shares in the company, valued at $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the business's 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 transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 over the last three months. Corporate insiders own 4.30% 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.