UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 309,575 shares of the company's stock after purchasing an additional 51,989 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Tenable worth $12,191,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its holdings in Tenable by 31.9% in the 3rd quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after buying an additional 177,048 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Tenable by 74.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after acquiring an additional 1,172 shares during the period. KBC Group NV grew its stake in shares of Tenable by 44.1% in the fourth quarter. KBC Group NV now owns 4,733 shares of the company's stock worth $186,000 after purchasing an additional 1,449 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock valued at $111,000 after purchasing an additional 657 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Tenable during the fourth quarter valued at $126,000. Institutional investors own 89.06% of the company's stock.
Insider Transactions at Tenable
In other news, CEO Mark C. Thurmond sold 5,577 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $178,352.46. Following the transaction, the chief executive officer now owns 75,210 shares in the company, valued at $2,405,215.80. This represents a 6.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. This trade represents a 87.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,345 shares of company stock valued at $730,209 over the last quarter. Company insiders own 1.50% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on TENB shares. Jefferies Financial Group decreased their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Stifel Nicolaus decreased their price objective on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. DA Davidson dropped their target price on Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Scotiabank decreased their price target on Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Finally, Truist Financial lowered their price target on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Eight investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.
Read Our Latest Stock Analysis on Tenable
Tenable Trading Up 1.7%
TENB stock traded up $0.54 during mid-day trading on Tuesday, reaching $32.74. 1,519,646 shares of the stock traded hands, compared to its average volume of 1,069,141. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The stock's fifty day moving average is $32.46 and its 200-day moving average is $37.45. The company has a market cap of $4.00 billion, a P/E ratio of -109.13 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.
Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results 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. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The business 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 business earned $0.25 earnings per share. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.
About Tenable
(
Free Report)
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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