Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Shapiro Capital Management LLC

Shapiro Capital Management LLC lifted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 647.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,060,055 shares of the company's stock after purchasing an additional 918,235 shares during the quarter. Shapiro Capital Management LLC owned 0.88% of Tenable worth $41,745,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its position in shares of Tenable by 1.0% in the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock worth $1,361,000 after acquiring an additional 332 shares during the period. Summit Investment Advisors Inc. boosted its position in 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 purchasing an additional 390 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock valued at $616,000 after purchasing an additional 450 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after buying an additional 575 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Tenable by 30.3% during 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. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Down 1.5%

NASDAQ TENB traded down $0.51 during trading hours on Wednesday, hitting $32.19. 257,639 shares of the company were exchanged, compared to its average volume of 1,048,056. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of -107.17 and a beta of 0.83. The company has a 50 day moving average of $33.32 and a two-hundred day moving average of $38.08. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $234.12 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm's quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Barclays reduced their price target on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Cantor Fitzgerald started coverage on shares of Tenable in a research note on Monday, March 31st. They set an "overweight" rating and a $50.00 target price on the stock. Needham & Company LLC reduced their target price on shares of Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Scotiabank dropped their price objective on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.44.

Insider Transactions at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction 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 transaction, the director now directly owns 353 shares of the company's stock, valued at $13,061. The trade was a 87.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark C. Thurmond sold 3,606 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total value of $138,758.88. Following the transaction, the chief executive officer now directly owns 74,295 shares in the company, valued at approximately $2,858,871.60. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,787 shares of company stock valued at $486,206. 1.50% of the stock is currently owned by corporate insiders.

Tenable 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.