Bank of New York Mellon Corp Has $27.01 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Bank of New York Mellon Corp grew its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 772,177 shares of the company's stock after acquiring an additional 27,555 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.64% of Tenable worth $27,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Tenable by 858.2% during the fourth 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 last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Tenable in the 4th quarter worth approximately $35,000. Byrne Asset Management LLC lifted its holdings in shares of Tenable by 115.4% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after purchasing an additional 727 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Tenable in the 4th quarter worth approximately $53,000. Finally, Quarry LP lifted its holdings in shares of Tenable by 307.1% in the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock worth $104,000 after purchasing an additional 1,999 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 2,483 shares of Tenable stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $80,573.35. Following the completion of the sale, the chief executive officer owned 72,727 shares of the company's stock, valued at approximately $2,359,991.15. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen A. Vintz sold 3,386 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value of $109,875.70. Following the completion of the sale, the chief executive officer directly owned 328,008 shares of the company's stock, valued at $10,643,859.60. This represents a 1.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,845 shares of company stock valued at $637,709. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TENB. Westpark Capital reissued a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Scotiabank cut their target price on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group cut their target price on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Stifel Nicolaus cut their target price on Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $40.78.

Tenable Stock Down 0.8%

Tenable stock traded down $0.25 during mid-day trading on Friday, hitting $33.04. The company's stock had a trading volume of 1,076,249 shares, compared to its average volume of 1,170,401. The firm's 50 day moving average is $32.89 and its 200 day moving average is $35.58. The company has a market cap of $4.04 billion, a PE ratio of -89.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. 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 released its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The firm had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative return on equity of 3.11% and a negative net margin of 4.86%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. On average, analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

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.