Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.3% in the fourth quarter, Holdings Channel reports. The fund owned 770,138 shares of the company’s stock after buying an additional 38,512 shares during the period. Barclays PLC’s holdings in Tenable were worth $30,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TENB. Assenagon Asset Management S.A. acquired a new stake in shares of Tenable during the 4th quarter worth about $15,653,000. Nordea Investment Management AB grew its stake in shares of Tenable by 10.4% in the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock valued at $10,489,000 after buying an additional 25,247 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Tenable by 430.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock valued at $9,771,000 after buying an additional 201,360 shares during the period. Pacer Advisors Inc. lifted its stake in 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 acquiring an additional 657 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Tenable by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock worth $18,984,000 after acquiring an additional 30,530 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of TENB opened at $31.44 on Friday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of -104.80 and a beta of 0.88. Tenable Holdings, Inc. has a 52-week low of $30.50 and a 52-week high of $49.18. 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 stock has a 50 day moving average price of $35.93 and a 200 day moving average price of $39.50.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on TENB shares. Cantor Fitzgerald began coverage on shares of Tenable in a research note on Monday, March 31st. They set an “overweight” rating and a $50.00 price target on the stock. Truist Financial cut their target price on shares of Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Scotiabank raised their price target on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Finally, Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.71.

Insider Transactions at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction 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 directly owns 316,523 shares of the company’s stock, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,128 shares of company stock worth $539,256. Corporate insiders own 4.30% of the company’s stock.

Tenable Company 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.