Northern Trust Corp Boosts Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Northern Trust Corp increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,187,857 shares of the company's stock after buying an additional 85,485 shares during the period. Northern Trust Corp owned 0.99% of Tenable worth $46,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TENB. The Manufacturers Life Insurance Company boosted its holdings in Tenable by 5.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 974,230 shares of the company's stock valued at $38,365,000 after purchasing an additional 53,852 shares during the period. Tudor Investment Corp ET AL bought a new position in Tenable in the 4th quarter valued at $1,625,000. Quarry LP boosted its holdings in Tenable by 307.1% in the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock valued at $104,000 after purchasing an additional 1,999 shares during the period. Melqart Asset Management UK Ltd bought a new position in Tenable in the 4th quarter valued at $3,231,000. Finally, Aquatic Capital Management LLC boosted its holdings in Tenable by 1,543.9% in the 4th quarter. Aquatic Capital Management LLC now owns 78,908 shares of the company's stock valued at $3,107,000 after purchasing an additional 74,108 shares during the period. 89.06% of the stock is owned by institutional investors.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 3,606 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total transaction of $138,758.88. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the transaction, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 in the last 90 days. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TENB. Truist Financial lowered their price objective on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Wells Fargo & Company lowered their price objective on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Needham & Company LLC lowered their price objective on shares of Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Stephens cut shares of Tenable from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Barclays decreased their target price on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.44.

Tenable Trading Up 6.2%

TENB stock traded up $1.96 during trading on Monday, hitting $33.48. The company had a trading volume of 3,329,524 shares, compared to its average volume of 1,045,484. The firm has a market capitalization of $4.09 billion, a P/E ratio of -111.60 and a beta of 0.83. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The company has a 50 day simple moving average of $33.83 and a 200-day simple moving average of $38.43. 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 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The company had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. During the same quarter last year, the firm posted $0.25 EPS. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.