Mirae Asset Global Investments Co. Ltd. Acquires 48,410 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Mirae Asset Global Investments Co. Ltd. increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 801,267 shares of the company's stock after purchasing an additional 48,410 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.69% of Tenable worth $36,906,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TENB. Norges Bank purchased a new position in shares of Tenable in the fourth quarter valued at $42,934,000. William Blair Investment Management LLC grew its position in Tenable by 36.6% during the third quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company's stock worth $135,668,000 after buying an additional 810,831 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Tenable by 1,772.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 637,287 shares of the company's stock worth $28,939,000 after buying an additional 603,250 shares in the last quarter. Vanguard Group Inc. grew its position in Tenable by 6.4% during the first quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company's stock worth $572,138,000 after buying an additional 595,338 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Tenable by 114.7% during the third quarter. Lord Abbett & CO. LLC now owns 1,006,755 shares of the company's stock worth $45,103,000 after buying an additional 537,886 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial boosted their target price on Tenable from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Susquehanna boosted their target price on Tenable from $55.00 to $60.00 and gave the stock a "positive" rating in a research report on Thursday, February 8th. Wells Fargo & Company boosted their target price on Tenable from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 7th. Wedbush upped their price target on Tenable from $50.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Finally, Westpark Capital raised Tenable from a "hold" rating to a "buy" rating and set a $65.00 price target for the company in a research report on Friday, January 12th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $56.63.

Insider Activity at Tenable

In related news, Director Linda Kay Zecher sold 2,600 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the transaction, the director now owns 2 shares of the company's stock, valued at approximately $101.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Mark C. Thurmond sold 3,976 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total transaction of $188,223.84. Following the completion of the transaction, the chief operating officer now owns 53,500 shares of the company's stock, valued at approximately $2,532,690. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,600 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the transaction, the director now directly owns 2 shares of the company's stock, valued at approximately $101.50. The disclosure for this sale can be found here. Insiders sold a total of 351,383 shares of company stock valued at $16,650,143 in the last 90 days. Corporate insiders own 4.50% of the company's stock.

Tenable Stock Up 0.2 %

Shares of TENB stock traded up $0.10 during midday trading on Monday, reaching $48.41. 416,275 shares of the stock were exchanged, compared to its average volume of 981,329. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The company's 50 day moving average is $48.22 and its two-hundred day moving average is $44.96. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The firm has a market cap of $5.72 billion, a PE ratio of -71.19 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.06. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. The firm had revenue of $213.31 million for the quarter, compared to the consensus estimate of $206.95 million. On average, equities research 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.