Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,576 shares of the company's stock after purchasing an additional 44,835 shares during the quarter. Deutsche Bank AG owned 0.25% of Tenable worth $11,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Tenable during the 4th quarter worth approximately $1,835,000. Caption Management LLC purchased a new position in shares of Tenable in the fourth quarter valued at $473,000. Centiva Capital LP raised its stake in shares of Tenable by 8.9% during the 4th quarter. Centiva Capital LP now owns 16,341 shares of the company's stock worth $644,000 after buying an additional 1,341 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Tenable in the 4th quarter worth about $279,000. Finally, Balyasny Asset Management L.P. purchased a new position in Tenable during the 4th quarter valued at about $3,686,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Stock Down 0.6%

TENB stock traded down $0.21 during midday trading on Wednesday, hitting $32.49. 112,508 shares of the company's stock were exchanged, compared to its average volume of 1,047,472. The firm has a 50 day moving average price of $33.32 and a 200-day moving average price of $38.08. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of -108.32 and a beta of 0.83. 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 posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The firm had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. On average, analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

TENB has been the subject of several research reports. UBS Group cut their price objective on Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group cut their price target on Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, March 31st. Truist Financial reduced their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Wells Fargo & Company cut their target price 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. Finally, Westpark Capital restated a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.44.

Insider Buying and Selling

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on 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 transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 3,606 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the sale, the chief executive officer now directly owns 74,295 shares in the company, valued at approximately $2,858,871.60. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,787 shares of company stock worth $486,206. Corporate 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.