Bank of America Corp DE Raises Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Bank of America Corp DE boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 672,380 shares of the company's stock after buying an additional 99,060 shares during the period. Bank of America Corp DE owned approximately 0.56% of Tenable worth $26,478,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TENB. FMR LLC increased its stake in Tenable by 2.0% in the fourth quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after acquiring an additional 304,237 shares during the last quarter. Vanguard Group Inc. increased its stake in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after acquiring an additional 708,249 shares during the last quarter. Geode Capital Management LLC increased its stake in Tenable by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after acquiring an additional 8,746 shares during the last quarter. First Trust Advisors LP increased its stake in Tenable by 6.2% in the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock valued at $91,860,000 after acquiring an additional 137,150 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its stake in Tenable by 5.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock valued at $64,629,000 after acquiring an additional 84,669 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Tenable Trading Down 0.4%

TENB traded down $0.12 during midday trading on Friday, reaching $31.90. 849,043 shares of the company's stock traded hands, compared to its average volume of 1,052,926. The firm has a fifty day moving average of $33.05 and a two-hundred day moving average of $37.94. The stock has a market capitalization of $3.90 billion, a price-to-earnings 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 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 posted its earnings results 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 firm had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. During the same quarter in the prior year, the business earned $0.25 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on TENB shares. Cantor Fitzgerald started coverage on Tenable in a research note on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price on the stock. Needham & Company LLC decreased their price objective on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley lowered their target price on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Stephens lowered Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Insiders Place Their Bets

In related news, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark C. Thurmond sold 3,606 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total value of $138,758.88. Following the completion of the sale, the chief executive officer now owns 74,295 shares in the company, valued at $2,858,871.60. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,787 shares of company stock worth $486,206. Company insiders own 1.50% of the company's stock.

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.