Deutsche Bank AG Increases Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

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

Several other institutional investors and hedge funds have also bought and sold shares of TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after purchasing an additional 575 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Tenable during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable in the fourth quarter valued at about $38,000. Johnson Financial Group Inc. purchased a new position in shares of Tenable during the 4th quarter worth about $53,000. Finally, Larson Financial Group LLC grew its stake in Tenable by 89.9% during the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after purchasing an additional 675 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Linda Kay Zecher sold 2,500 shares of the company'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 sale, the director now owns 353 shares in the company, valued at approximately $13,061. This represents a 87.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock valued at $539,256 over the last quarter. Insiders own 1.50% of the company's stock.

Tenable Price Performance

NASDAQ:TENB traded down $0.25 during trading hours on Monday, reaching $32.65. The stock had a trading volume of 975,370 shares, compared to its average volume of 1,050,459. The company has a 50 day moving average price of $33.44 and a two-hundred day moving average price of $38.16. The stock has a market capitalization of $3.99 billion, a PE ratio of -108.83 and a beta of 0.83. 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 52 week low of $28.75 and a 52 week high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating 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 company had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TENB. Scotiabank reduced their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley cut their price target on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price target on Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Needham & Company LLC lowered their target price on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Barclays lowered their price objective on Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.44.

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.