Federated Hermes Inc. Has $556,000 Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Federated Hermes Inc. trimmed its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 38.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,081 shares of the company’s stock after selling 7,466 shares during the period. Federated Hermes Inc.’s holdings in Tenable were worth $556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TENB. Vanderbilt University grew its position in Tenable by 51.4% during the fourth quarter. Vanderbilt University now owns 65,313 shares of the company’s stock worth $3,008,000 after buying an additional 22,187 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Tenable by 39.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after purchasing an additional 23,385 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Tenable by 60.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 32,000 shares of the company’s stock valued at $1,419,000 after purchasing an additional 12,000 shares in the last quarter. American Century Companies Inc. lifted its position in Tenable by 15.9% in the third quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock worth $80,278,000 after purchasing an additional 245,243 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Tenable by 6.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 801,267 shares of the company’s stock worth $36,906,000 after buying an additional 48,410 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TENB shares. Truist Financial increased their price objective on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Scotiabank initiated coverage on Tenable in a report on Friday, April 26th. They set a “sector perform” rating and a $47.00 price objective on the stock. Wells Fargo & Company increased their target price on Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Morgan Stanley raised Tenable from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $60.00 in a research note on Tuesday, January 9th. Finally, Wedbush reiterated an “outperform” rating and set a $65.00 price objective on shares of Tenable in a research note on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.20.

Tenable Trading Down 1.3 %

TENB opened at $44.60 on Friday. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50. The firm has a 50-day moving average price of $47.06 and a two-hundred day moving average price of $45.18. The stock has a market capitalization of $5.30 billion, a PE ratio of -76.90 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. The firm had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. As a group, equities analysts anticipate that Tenable Holdings, Inc. will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 1,089 shares of Tenable stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total transaction of $51,977.97. Following the completion of the sale, the chief operating officer now owns 48,846 shares in the company, valued at approximately $2,331,419.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Tenable news, CEO Amit Yoran sold 12,329 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total value of $569,846.38. Following the transaction, the chief executive officer now owns 304,444 shares of the company’s stock, valued at $14,071,401.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mark C. Thurmond sold 1,089 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total value of $51,977.97. Following the transaction, the chief operating officer now owns 48,846 shares in the company, valued at approximately $2,331,419.58. The disclosure for this sale can be found here. In the last three months, insiders sold 317,382 shares of company stock valued at $15,021,615. 4.30% of the stock is currently owned by insiders.

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.