Lazard Asset Management LLC Has $1.12 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

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

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after acquiring an additional 177,048 shares in the last quarter. Wells Fargo & Company MN increased its holdings in 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 during the last quarter. Pacer Advisors Inc. increased its holdings in 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 during the last quarter. Invesco Ltd. grew its holdings in shares of Tenable by 15.6% during the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock valued at $3,991,000 after purchasing an additional 13,655 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Tenable by 64.5% during the fourth quarter. Teacher Retirement System of Texas now owns 23,933 shares of the company's stock valued at $942,000 after purchasing an additional 9,385 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TENB. Truist Financial lowered their target price on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a report on Monday, March 31st. Stifel Nicolaus lowered their target price on Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. UBS Group lowered their target price on Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group lowered their target price on Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, March 31st. Finally, Wells Fargo & Company lowered their target price on Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.44.

Insider Activity

In other news, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction 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 sale, the director now owns 353 shares in the company, valued at $13,061. This represents a 87.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 316,523 shares of the company's stock, valued at $12,078,517.68. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,787 shares of company stock worth $486,206. Insiders own 1.50% of the company's stock.

Tenable Price Performance

Shares of NASDAQ:TENB traded down $0.12 on Friday, reaching $31.90. 849,043 shares of the company traded hands, compared to its average volume of 1,053,912. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The company's 50 day moving average is $33.05 and its 200-day moving average is $37.88. The stock has a market capitalization of $3.90 billion, a PE ratio of -106.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last announced 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. 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 the consensus estimate of $234.12 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.