BNP Paribas Financial Markets Has $3.93 Million Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

BNP Paribas Financial Markets increased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,798 shares of the company's stock after purchasing an additional 23,275 shares during the period. BNP Paribas Financial Markets owned 0.08% of Tenable worth $3,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Tenable in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in Tenable in the 4th quarter valued at $38,000. Johnson Financial Group Inc. bought a new stake in Tenable in the 4th quarter valued at $53,000. Finally, Larson Financial Group LLC increased its holdings in Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after acquiring an additional 675 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Mark C. Thurmond sold 1,341 shares of the 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 sale, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now owns 353 shares of the company's stock, valued at approximately $13,061. The trade was a 87.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock valued at $539,256 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TENB shares. DA Davidson dropped their price objective on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company dropped their price target on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Truist Financial dropped their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Morgan Stanley dropped their price target on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.44.

Tenable Stock Performance

TENB traded up $0.22 during trading hours on Tuesday, hitting $32.87. 122,491 shares of the stock were exchanged, compared to its average volume of 1,046,995. The stock has a 50-day simple moving average of $33.37 and a 200-day simple moving average of $38.11. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -109.77 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. During the same period in the previous year, the company earned $0.25 earnings per share. Tenable's revenue was up 10.7% compared to the same quarter last year. Analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

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.