Barclays PLC Increases Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Barclays PLC grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 770,138 shares of the company's stock after buying an additional 38,512 shares during the quarter. Barclays PLC owned approximately 0.64% of Tenable worth $30,327,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TENB. Summit Investment Advisors Inc. raised its stake in Tenable by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after buying an additional 390 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Tenable during the fourth quarter valued at $2,687,000. Renaissance Group LLC boosted its stake in Tenable by 10.9% in the 4th quarter. Renaissance Group LLC now owns 72,508 shares of the company's stock worth $2,852,000 after purchasing an additional 7,105 shares in the last quarter. Legal & General Group Plc grew its position in Tenable by 2.2% during the 4th quarter. Legal & General Group Plc now owns 421,517 shares of the company's stock valued at $16,599,000 after purchasing an additional 9,275 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Tenable by 15.6% in the 4th quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after acquiring an additional 13,655 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Price Performance

Shares of TENB stock traded up $0.75 on Thursday, reaching $32.53. The company's stock had a trading volume of 195,941 shares, compared to its average volume of 970,614. The stock's fifty day simple moving average is $35.44 and its 200-day simple moving average is $39.30. Tenable Holdings, Inc. has a 1 year low of $29.99 and a 1 year high of $49.18. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of -108.35 and a beta of 0.88. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TENB. Cantor Fitzgerald assumed coverage on Tenable in a research report on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price for the company. Truist Financial lowered their price objective on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Stephens assumed coverage on Tenable in a report on Tuesday, April 1st. They set an "equal weight" rating and a $42.00 price target on the stock. Finally, Jefferies Financial Group cut their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, March 31st. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.72.

Insider Buying and Selling

In other news, CEO Stephen A. Vintz sold 6,681 shares of the business's stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction dated 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. This represents a 87.63 % 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 over the last three months. 1.50% of the stock is 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.