ArrowMark Colorado Holdings LLC Buys 84,669 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

ArrowMark Colorado Holdings LLC lifted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,641,158 shares of the company's stock after purchasing an additional 84,669 shares during the period. ArrowMark Colorado Holdings LLC owned 1.37% of Tenable worth $64,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Tenable in the fourth quarter valued at about $54,950,000. Vanguard Group Inc. boosted its stake in shares of Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after buying an additional 708,249 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Tenable during the fourth quarter worth approximately $15,653,000. FMR LLC raised its holdings in Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after acquiring an additional 304,237 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Tenable during the 4th quarter valued at $11,170,000. 89.06% of the stock is owned by institutional investors.

Tenable Trading Down 0.4 %

NASDAQ TENB traded down $0.13 during trading hours on Tuesday, hitting $31.13. 1,395,184 shares of the company's stock were exchanged, compared to its average volume of 1,011,942. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of -103.77 and a beta of 0.83. The stock has a 50-day simple moving average of $34.34 and a 200 day simple moving average of $38.70. 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 Holdings, Inc. has a 1-year low of $28.75 and a 1-year high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) 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. The company had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Tenable's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TENB shares. Wells Fargo & Company cut their price objective on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Scotiabank reduced their price target on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Westpark Capital restated a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Barclays reduced their target price on Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.44.

Insider Activity

In related news, CEO Stephen A. Vintz sold 6,681 shares of Tenable stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock worth $539,256 in the last three months. Company insiders own 1.50% of the company's stock.

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.