Xponance Inc. Acquires 763 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Xponance Inc. lifted its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,459 shares of the company’s stock after purchasing an additional 763 shares during the period. Xponance Inc.’s holdings in Tenable were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Readystate Asset Management LP acquired a new stake in shares of Tenable during the third quarter worth about $24,660,000. Assenagon Asset Management S.A. acquired a new stake in Tenable during the 4th quarter worth approximately $15,653,000. FMR LLC lifted its stake in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Tenable by 28.0% in the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock valued at $37,294,000 after buying an additional 201,366 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Tenable by 430.7% in the fourth 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. 89.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Morgan Stanley initiated coverage on shares of Tenable in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 price target on the stock. Barclays raised their price objective on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target 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 dropped their price objective for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and a consensus price target of $49.20.

Tenable Trading Down 1.3 %

Shares of NASDAQ:TENB opened at $35.96 on Friday. The stock has a market cap of $4.33 billion, a PE ratio of -119.87 and a beta of 0.87. 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 Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $50.30. The business has a 50 day moving average of $39.27 and a 200-day moving average of $40.35.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data 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%. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction 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 sale, the director now directly owns 353 shares in the company, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the 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 directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock valued at $570,418 in the last quarter. Company 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.