Tenable Holdings, Inc. (NASDAQ:TENB) Stock Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,947,023 shares of the company’s stock after acquiring an additional 708,249 shares during the quarter. Vanguard Group Inc. owned 11.61% of Tenable worth $549,234,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Tenable in the 4th quarter valued at $38,000. Larson Financial Group LLC boosted its holdings in shares of Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after buying an additional 675 shares during the period. Nisa Investment Advisors LLC increased 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 worth $108,000 after acquiring an additional 1,172 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after acquiring an additional 657 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Tenable in the 4th quarter valued at approximately $126,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Up 0.1 %

Shares of TENB stock opened at $34.98 on Tuesday. The stock’s 50 day simple moving average is $39.03 and its 200 day simple moving average is $40.31. Tenable Holdings, Inc. has a twelve month low of $33.84 and a twelve month high of $50.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -116.60 and a beta of 0.87.

Tenable (NASDAQ:TENB) last released its quarterly 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%. As a group, research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock worth $570,418 over the last ninety days. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Cantor Fitzgerald started coverage on shares of Tenable in a research report on Monday. They set an “overweight” rating and a $50.00 price objective on the stock. Jefferies Financial Group reduced their price objective on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Finally, Barclays raised their price target on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.13.

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.