Vident Advisory LLC Raises Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Vident Advisory LLC boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,381 shares of the company's stock after acquiring an additional 17,458 shares during the quarter. Vident Advisory LLC owned 0.08% of Tenable worth $3,638,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TENB. Barclays PLC lifted its position in shares of Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after purchasing an additional 177,048 shares during the last quarter. Wells Fargo & Company MN increased its stake 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 period. Pacer Advisors Inc. increased its stake in Tenable by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after buying an additional 657 shares during the period. Invesco Ltd. lifted its holdings in Tenable by 15.6% during the 4th quarter. Invesco Ltd. now owns 101,337 shares of the company's stock valued at $3,991,000 after buying an additional 13,655 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Tenable by 64.5% in the 4th quarter. Teacher Retirement System of Texas now owns 23,933 shares of the company's stock valued at $942,000 after buying an additional 9,385 shares during the period. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TENB. JPMorgan Chase & Co. decreased their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group reduced their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. 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 report on Wednesday, April 16th. Needham & Company LLC cut their price target on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Robert W. Baird lowered their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.44.

Tenable Stock Performance

Shares of Tenable stock traded down $0.12 on Monday, reaching $31.90. 849,043 shares of the stock were exchanged, compared to its average volume of 1,053,912. The business has a 50 day moving average price of $33.05 and a two-hundred day moving average price of $37.88. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -106.33 and a beta of 0.83. Tenable Holdings, Inc. has a twelve month low of $28.75 and a twelve month high of $49.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. The company had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Tenable's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. Analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction dated Tuesday, February 25th. The shares were 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 approximately $2,858,871.60. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 353 shares of the company's stock, valued at approximately $13,061. This represents a 87.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,787 shares of company stock valued at $486,206 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

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.