Lazard Asset Management LLC Increases Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Lazard Asset Management LLC boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,349 shares of the company's stock after acquiring an additional 8,126 shares during the quarter. Lazard Asset Management LLC's holdings in Tenable were worth $1,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its position in shares of Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after buying an additional 177,048 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Tenable by 41.9% in the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock valued at $2,671,000 after buying an additional 20,031 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after buying an additional 657 shares in the last quarter. Invesco Ltd. increased its position in shares of Tenable by 15.6% in the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock valued at $3,991,000 after buying an additional 13,655 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Tenable by 64.5% in the fourth quarter. Teacher Retirement System of Texas now owns 23,933 shares of the company's stock valued at $942,000 after buying an additional 9,385 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Mark C. Thurmond sold 1,341 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares of the company's stock, valued at $1,632,482.96. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 in the last quarter. Insiders own 1.50% of the company's stock.

Tenable Stock Performance

NASDAQ TENB opened at $32.65 on Tuesday. The stock's fifty day moving average is $33.37 and its two-hundred day moving average is $38.11. The firm has a market capitalization of $3.99 billion, a P/E 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 fifty-two week low of $28.75 and a fifty-two 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 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 company had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on TENB. Barclays cut 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. Morgan Stanley cut their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird dropped their price target on Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, 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 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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