Wells Fargo & Company MN Boosts Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Wells Fargo & Company MN increased its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 41.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,831 shares of the company's stock after acquiring an additional 20,031 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Tenable worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TENB. Vanguard Group Inc. boosted its holdings in Tenable by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after buying an additional 708,249 shares during the period. Geode Capital Management LLC lifted its position in shares of Tenable by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after acquiring an additional 8,746 shares in the last quarter. Norges Bank bought a new position in shares of Tenable in the fourth quarter worth about $54,950,000. Fisher Asset Management LLC grew its position in shares of Tenable by 17.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company's stock worth $48,768,000 after purchasing an additional 180,668 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Tenable by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 992,094 shares of the company's stock valued at $39,069,000 after purchasing an additional 15,799 shares during the period. Institutional investors own 89.06% of the company's stock.

Insider Activity at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 1,341 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TENB shares. Cantor Fitzgerald began coverage on shares of Tenable in a research note on Monday, March 31st. They set an "overweight" rating and a $50.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Stephens began coverage on Tenable in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $42.00 target price on the stock. Morgan Stanley cut their price target on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Scotiabank upped their price objective on Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.72.

Tenable Trading Up 0.8 %

Shares of Tenable stock traded up $0.27 on Friday, reaching $32.98. The company had a trading volume of 987,430 shares, compared to its average volume of 977,678. The firm's 50 day moving average price is $35.18 and its two-hundred day moving average price is $39.17. 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 $29.99 and a 52-week high of $49.18. The firm has a market cap of $3.96 billion, a PE ratio of -109.93 and a beta of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

About Tenable

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.