Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,650 shares of the company’s stock after purchasing an additional 3,554 shares during the quarter. Rhumbline Advisers’ holdings in Tenable were worth $6,523,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Readystate Asset Management LP purchased a new position in Tenable during the third quarter worth about $24,660,000. Assenagon Asset Management S.A. acquired a new position in shares of Tenable during the 4th quarter valued at about $15,653,000. FMR LLC increased its stake in shares of Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after acquiring an additional 305,334 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Tenable by 28.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after acquiring an additional 201,366 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Tenable by 430.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock worth $9,771,000 after acquiring an additional 201,360 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

TENB has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $47.00 price objective (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Scotiabank increased their target price on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and reduced their target price for the company from $46.00 to $45.00 in a report on Friday, January 17th. Finally, Piper Sandler dropped their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tenable has an average rating of “Moderate Buy” and an average price target of $49.67.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total transaction of $138,758.88. Following the transaction, the chief executive officer now directly owns 74,295 shares in the company, valued at $2,858,871.60. This represents a 4.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raymond Jr. Vicks sold 809 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares of the company’s stock, valued at $333,544.68. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,756 shares of company stock valued at $222,972. 4.30% of the stock is currently owned by insiders.

Tenable Price Performance

TENB stock opened at $38.06 on Thursday. The stock has a 50-day simple moving average of $40.60 and a 200-day simple moving average of $41.01. The firm has a market cap of $4.57 billion, a P/E ratio of -126.87 and a beta of 0.87. 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 1 year low of $35.25 and a 1 year high of $50.30.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, equities analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.