Tenable Holdings, Inc. (NASDAQ:TENB) Stock Holdings Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 346,936 shares of the company’s stock after purchasing an additional 54,364 shares during the quarter. Fisher Asset Management LLC owned about 0.30% of Tenable worth $15,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TENB. NBC Securities Inc. acquired a new stake in Tenable in the 3rd quarter valued at about $27,000. SG Americas Securities LLC bought a new position in shares of Tenable in the fourth quarter valued at $127,000. Shell Asset Management Co. bought a new position in shares of Tenable in the third quarter valued at $138,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Tenable during the 3rd quarter valued at $205,000. Finally, Hunter Associates Investment Management LLC bought a new stake in shares of Tenable during the 4th quarter worth $205,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TENB shares. Westpark Capital raised Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, January 12th. Stephens upped their price objective on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Scotiabank began coverage on shares of Tenable in a research report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 target price on the stock. Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $60.00 in a report on Tuesday, January 9th. Finally, Susquehanna raised their price objective on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.20.

Tenable Stock Down 1.3 %

NASDAQ TENB opened at $44.60 on Monday. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $5.30 billion, a PE ratio of -76.90 and a beta of 0.94. The firm has a 50-day simple moving average of $47.06 and a 200 day simple moving average of $45.18.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.06. The firm had revenue of $213.31 million for the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. On average, research analysts forecast that Tenable Holdings, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the sale, the chief financial officer now directly owns 257,924 shares of the company’s stock, valued at $12,782,713.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the transaction, the chief financial officer now owns 257,924 shares in the company, valued at $12,782,713.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark C. Thurmond sold 3,976 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total value of $188,223.84. Following the sale, the chief operating officer now owns 53,500 shares in the company, valued at $2,532,690. The disclosure for this sale can be found here. Insiders sold 317,382 shares of company stock valued at $15,021,615 over the last quarter. 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.