Envestnet Asset Management Inc. Decreases Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Envestnet Asset Management Inc. lowered its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,486 shares of the company's stock after selling 18,035 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Tenable were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of 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 purchasing an additional 575 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Tenable during the fourth quarter worth about $38,000. Larson Financial Group LLC lifted its position in Tenable by 89.9% in the fourth 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 during the period. Nisa Investment Advisors LLC boosted its holdings in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock valued at $108,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after purchasing an additional 657 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TENB has been the subject of several research analyst 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. Robert W. Baird decreased their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays dropped their target price on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Morgan Stanley reduced their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Insiders Place Their Bets

In other news, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now owns 353 shares of the company's stock, 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 SEC, which is available at this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock worth $539,256 over the last three months. 1.50% of the stock is owned by insiders.

Tenable Trading Up 0.6 %

TENB stock traded up $0.20 during midday trading on Tuesday, hitting $31.46. The stock had a trading volume of 525,617 shares, compared to its average volume of 1,006,753. The company's 50-day moving average price is $34.34 and its 200 day moving average price is $38.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $3.78 billion, a PE ratio of -104.87 and a beta of 0.83. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The company had revenue of $239.14 million during the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 EPS. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.