UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 51,989 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,575 shares of the company's stock after acquiring an additional 51,989 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Tenable worth $12,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised 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 purchasing an additional 177,048 shares in the last quarter. Wells Fargo & Company MN raised its position in Tenable by 41.9% in the 4th quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock worth $2,671,000 after buying an additional 20,031 shares during the last quarter. Pacer Advisors Inc. lifted its position in 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. Invesco Ltd. grew its holdings in shares of Tenable by 15.6% in the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after acquiring an additional 13,655 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Tenable by 64.5% during the 4th 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TENB shares. Barclays dropped their price target on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. UBS Group cut their target price on Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Truist Financial cut their price target on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, 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. Eight equities 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 stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of "Moderate Buy" and an average target price of $40.44.

Insider Buying and Selling

In other Tenable news, CEO Stephen A. Vintz sold 6,499 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $207,838.02. Following the sale, the chief executive officer now directly owns 331,394 shares in the company, valued at approximately $10,597,980.12. This trade represents a 1.92% decrease in their ownership of the stock. The transaction 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 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 sale, the director now owns 353 shares in the company, 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 have sold a total of 22,345 shares of company stock worth $730,209 in the last 90 days. Corporate insiders own 1.50% of the company's stock.

Tenable Stock Up 0.2%

NASDAQ TENB traded up $0.07 during trading on Monday, hitting $32.29. 585,100 shares of the company traded hands, compared to its average volume of 1,062,957. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The company has a market capitalization of $3.94 billion, a P/E ratio of -107.54 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. The business has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $37.54.

Tenable (NASDAQ:TENB - Get Free Report) last released 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 business had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. During the same period last year, the business earned $0.25 earnings per share. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

About Tenable

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.