Vanguard Group Inc. Sells 74,126 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Vanguard Group Inc. reduced its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,872,897 shares of the company's stock after selling 74,126 shares during the quarter. Vanguard Group Inc. owned 11.54% of Tenable worth $485,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its position in shares of Tenable by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after buying an additional 390 shares during the period. Xponance Inc. boosted its position in shares of Tenable by 6.6% during the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after buying an additional 562 shares during the period. Tidal Investments LLC boosted its position in shares of Tenable by 1.8% during the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after buying an additional 564 shares during the period. Fiera Capital Corp boosted its position in shares of Tenable by 1.1% during the first quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after buying an additional 651 shares during the period. Finally, Byrne Asset Management LLC boosted its position in shares of Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after buying an additional 727 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Trading Down 5.1%

Shares of TENB stock opened at $29.10 on Friday. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -78.65 and a beta of 0.76. Tenable Holdings, Inc. has a 1 year low of $28.51 and a 1 year high of $45.44. The company's fifty day simple moving average is $32.43 and its two-hundred day simple moving average is $34.32. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 1.04.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $247.30 million for the quarter, compared to analysts' expectations of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Activity at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 5,577 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $178,352.46. Following the completion of the sale, the chief executive officer directly owned 75,210 shares in the company, valued at $2,405,215.80. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 6,499 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $207,838.02. Following the sale, the chief executive officer owned 331,394 shares of the company's stock, valued at approximately $10,597,980.12. The trade was a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,815 shares of company stock valued at $669,797 over the last 90 days. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TENB has been the subject of several recent research reports. DA Davidson increased their price target on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Scotiabank increased their price target on Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Robert W. Baird reduced their price target on Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley increased their price target on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reduced their price target on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

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.

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