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

Shapiro Capital Management LLC grew its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 647.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,060,055 shares of the company's stock after purchasing an additional 918,235 shares during the period. Shapiro Capital Management LLC owned approximately 0.88% of Tenable worth $41,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its holdings in Tenable by 2.0% during the fourth quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after acquiring an additional 304,237 shares during the period. Vanguard Group Inc. grew its holdings in Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after acquiring an additional 708,249 shares during the period. Geode Capital Management LLC grew its holdings in Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock worth $110,416,000 after acquiring an additional 8,746 shares during the period. First Trust Advisors LP grew its holdings in Tenable by 6.2% during the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock worth $91,860,000 after acquiring an additional 137,150 shares during the period. Finally, ArrowMark Colorado Holdings LLC grew its holdings in Tenable by 5.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock worth $64,629,000 after acquiring an additional 84,669 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Price Performance

TENB stock opened at $33.11 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a 1 year low of $28.75 and a 1 year high of $49.18. The firm has a market cap of $4.05 billion, a P/E ratio of -110.37 and a beta of 0.83. The stock has a 50-day simple moving average of $33.52 and a 200-day simple moving average of $38.25.

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

Analyst Ratings Changes

TENB has been the topic of a number of recent analyst reports. Scotiabank dropped their price objective on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Barclays lowered their target price on Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group lowered their target price on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. lowered their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, DA Davidson lowered their target price on Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.44.

Insider Buying and Selling at Tenable

In other news, CEO Stephen A. Vintz sold 6,681 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. The trade was a 2.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,128 shares of company stock valued at $539,256 in the last quarter. Corporate insiders own 1.50% of the company's stock.

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.

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