Fisher Asset Management LLC Raises Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Fisher Asset Management LLC grew its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,936 shares of the company's stock after purchasing an additional 54,364 shares during the quarter. Fisher Asset Management LLC owned about 0.30% of Tenable worth $15,980,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. NBC Securities Inc. purchased a new stake in Tenable during the 3rd quarter worth approximately $27,000. SG Americas Securities LLC acquired a new stake in Tenable during the 4th quarter worth about $127,000. Shell Asset Management Co. acquired a new position in shares of Tenable in the third quarter valued at about $138,000. Vestmark Advisory Solutions Inc. purchased a new position in shares of Tenable in the third quarter worth about $205,000. Finally, Hunter Associates Investment Management LLC acquired a new stake in shares of Tenable during the fourth quarter worth about $205,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tenable news, CEO Amit Yoran sold 12,329 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total value of $569,846.38. Following the completion of the sale, the chief executive officer now directly owns 304,444 shares in the company, valued at approximately $14,071,401.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, 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 transaction of $131,950.00. Following the completion of the sale, the director now owns 2 shares in the company, valued at approximately $101.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amit Yoran sold 12,329 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.22, for a total value of $569,846.38. Following the completion of the transaction, the chief executive officer now owns 304,444 shares in the company, valued at $14,071,401.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 317,382 shares of company stock worth $15,021,615. 4.30% of the stock is owned by corporate insiders.

Tenable Price Performance

NASDAQ TENB traded up $0.93 during mid-day trading on Monday, hitting $45.53. The stock had a trading volume of 538,728 shares, compared to its average volume of 943,905. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The firm's 50 day moving average is $47.02 and its 200 day moving average is $45.20. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of -78.50 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.06. The business had revenue of $213.31 million during the quarter, compared to analysts' expectations of $206.95 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. Equities research analysts forecast that Tenable Holdings, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TENB has been the subject of a number of recent research reports. Stephens raised their price target on shares of Tenable from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 7th. Westpark Capital raised Tenable from a "hold" rating to a "buy" rating and set a $65.00 price target on the stock in a research report on Friday, January 12th. Wells Fargo & Company lifted their target price on shares of Tenable from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Morgan Stanley raised shares of Tenable from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $46.00 to $60.00 in a report on Tuesday, January 9th. Finally, Scotiabank assumed coverage on shares of Tenable in a report on Friday, April 26th. They issued a "sector perform" rating and a $47.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.20.

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.