The Manufacturers Life Insurance Company Purchases 53,852 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

The Manufacturers Life Insurance Company lifted its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 974,230 shares of the company's stock after purchasing an additional 53,852 shares during the quarter. The Manufacturers Life Insurance Company owned 0.81% of Tenable worth $38,365,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Tenable in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new position in shares of Tenable during the 4th quarter valued at $38,000. Johnson Financial Group Inc. purchased a new position in Tenable in the 4th quarter worth $53,000. Finally, Larson Financial Group LLC lifted its stake in Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock worth $56,000 after purchasing an additional 675 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Up 1.4 %

Shares of NASDAQ TENB traded up $0.43 on Tuesday, reaching $31.69. 230,077 shares of the company's stock traded hands, compared to its average volume of 1,005,655. The business's 50 day simple moving average is $34.34 and its two-hundred day simple moving average is $38.70. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -105.78 and a beta of 0.83. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The business had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Morgan Stanley dropped their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Scotiabank decreased their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Robert W. Baird decreased their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.44.

Insider Activity at Tenable

In other news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares in the company, valued at $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 353 shares of the company's stock, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,128 shares of company stock valued at $539,256. 1.50% of the stock is owned by 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.