Vontobel Holding Ltd. Boosts Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Vontobel Holding Ltd. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 202,809 shares of the company's stock after buying an additional 31,359 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.17% of Tenable worth $7,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TENB. Readystate Asset Management LP acquired a new position in Tenable in the third quarter valued at approximately $24,660,000. Assenagon Asset Management S.A. acquired a new position in Tenable in the fourth quarter valued at approximately $15,653,000. FMR LLC boosted its holdings in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company's stock valued at $616,347,000 after purchasing an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Tenable by 28.0% in the third 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, Harbor Capital Advisors Inc. boosted its holdings in Tenable by 430.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company's stock valued at $9,771,000 after purchasing an additional 201,360 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Price Performance

NASDAQ:TENB traded up $0.22 during trading hours on Wednesday, hitting $39.81. The company's stock had a trading volume of 747,166 shares, compared to its average volume of 1,113,564. The business's 50-day moving average is $41.02 and its two-hundred day moving average is $41.09. The company has a market capitalization of $4.78 billion, a PE ratio of -132.70 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. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $50.58.

Tenable (NASDAQ:TENB - Get Free Report) last released 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 return on equity of 2.07% and a negative net margin of 4.03%. As a group, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TENB. Stifel Nicolaus downgraded Tenable from a "buy" rating to a "hold" rating and lowered their price target for the company from $46.00 to $45.00 in a report on Friday, January 17th. Jefferies Financial Group upped their price target on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Barclays boosted their price objective on Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Piper Sandler reduced their price objective on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Finally, Westpark Capital reiterated a "hold" rating on shares of Tenable in a research note on Thursday, October 31st. Seven investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.67.

Insider Buying and Selling at Tenable

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the company'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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 5,293 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares in the company, valued at $2,209,273.34. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,625 shares of company stock valued at $493,439. 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.