Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 48.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,607 shares of the company's stock after buying an additional 10,950 shares during the quarter. ProShare Advisors LLC's holdings in Tenable were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in Tenable by 2.0% during the fourth quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after buying an additional 304,237 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after purchasing an additional 708,249 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after purchasing an additional 8,746 shares during the period. First Trust Advisors LP boosted its stake in shares of Tenable by 6.2% during the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock valued at $91,860,000 after purchasing an additional 137,150 shares during the period. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of Tenable by 5.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock valued at $64,629,000 after purchasing an additional 84,669 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the firm's stock in a transaction on 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 owns 316,523 shares in the company, valued at approximately $12,078,517.68. This trade represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the director now owns 353 shares in the company, valued at $13,061. The trade was a 87.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Morgan Stanley reduced their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Truist Financial cut their price objective on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Stifel Nicolaus cut their price objective on shares of Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, Westpark Capital restated a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Tenable Stock Performance

NASDAQ:TENB traded up $0.48 during midday trading on Tuesday, hitting $32.38. The company's stock had a trading volume of 208,610 shares, compared to its average volume of 1,050,602. The firm has a market cap of $3.96 billion, a P/E ratio of -107.90 and a beta of 0.83. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The firm's 50 day moving average is $32.94 and its 200-day moving average is $37.81. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. The business had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Equities 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.