Bank of America Corp DE Buys 99,060 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Bank of America Corp DE lifted its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 17.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 672,380 shares of the company’s stock after acquiring an additional 99,060 shares during the period. Bank of America Corp DE’s holdings in Tenable were worth $26,478,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of Tenable in the 4th quarter valued at approximately $15,653,000. Barclays PLC increased its stake in shares of Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after purchasing an additional 177,048 shares during the period. Wells Fargo & Company MN increased its stake in shares of Tenable by 41.9% in the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company’s stock worth $2,671,000 after purchasing an additional 20,031 shares during the period. Pacer Advisors Inc. increased its stake in shares of Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock worth $111,000 after purchasing an additional 657 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Tenable by 15.6% in the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company’s stock worth $3,991,000 after purchasing an additional 13,655 shares during the period. 89.06% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at $12,078,517.68. The trade was a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,128 shares of company stock worth $539,256. Company insiders own 1.50% of the company’s stock.

Tenable Trading Down 0.6%

TENB stock opened at $32.90 on Friday. Tenable Holdings, Inc. has a 1-year low of $28.75 and a 1-year high of $49.18. The firm has a market cap of $4.02 billion, a P/E ratio of -109.67 and a beta of 0.83. The business’s 50 day moving average is $33.44 and its 200-day moving average is $38.17. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stephens lowered Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price objective on Tenable from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Wednesday, April 30th. Jefferies Financial Group dropped their price objective on Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Finally, Robert W. Baird dropped their price objective on Tenable from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and an average price target of $40.44.

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.