Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,593 shares of the company’s stock after buying an additional 25,934 shares during the quarter. Vontobel Holding Ltd. owned 0.19% of Tenable worth $10,391,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TENB. Norges Bank acquired a new position in Tenable in the 4th quarter worth $42,934,000. William Blair Investment Management LLC increased its position in shares of Tenable by 36.6% in the 3rd quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock worth $135,668,000 after purchasing an additional 810,831 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Tenable by 1,772.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 637,287 shares of the company’s stock worth $28,939,000 after purchasing an additional 603,250 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tenable by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company’s stock worth $572,138,000 after purchasing an additional 595,338 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Tenable by 114.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,006,755 shares of the company’s stock worth $45,103,000 after purchasing an additional 537,886 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Transactions at Tenable

In other news, CEO Amit Yoran sold 33,201 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $47.90, for a total value of $1,590,327.90. Following the completion of the sale, the chief executive officer now directly owns 291,532 shares of the company’s stock, valued at approximately $13,964,382.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Amit Yoran sold 33,201 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $47.90, for a total value of $1,590,327.90. Following the completion of the sale, the chief executive officer now directly owns 291,532 shares of the company’s stock, valued at approximately $13,964,382.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen A. Vintz sold 200,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total transaction of $9,386,000.00. Following the sale, the chief financial officer now directly owns 257,256 shares of the company’s stock, valued at $12,073,024.08. The disclosure for this sale can be found here. In the last three months, insiders sold 351,383 shares of company stock valued at $16,650,143. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TENB shares. Truist Financial boosted their target price on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Susquehanna boosted their target price on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Morgan Stanley raised shares of Tenable from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $60.00 in a research report on Tuesday, January 9th. Westpark Capital raised shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, January 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.63.

Tenable Price Performance

NASDAQ TENB opened at $45.71 on Wednesday. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of -67.22 and a beta of 0.94. The company has a 50-day moving average price of $48.31 and a two-hundred day moving average price of $45.09.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The company had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. Analysts forecast that Tenable Holdings, Inc. will post -0.12 EPS for the current year.

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.