Federated Hermes Inc. Sells 7,466 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Federated Hermes Inc. reduced its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 38.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,081 shares of the company’s stock after selling 7,466 shares during the quarter. Federated Hermes Inc.’s holdings in Tenable were worth $556,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TENB. Mackenzie Financial Corp lifted its position in shares of Tenable by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock valued at $139,937,000 after acquiring an additional 16,515 shares during the period. Vontobel Holding Ltd. lifted its position in Tenable by 13.0% during the fourth quarter. Vontobel Holding Ltd. now owns 225,593 shares of the company’s stock worth $10,391,000 after purchasing an additional 25,934 shares during the period. Perigon Wealth Management LLC acquired a new stake in Tenable during the fourth quarter worth about $1,887,000. Mutual of America Capital Management LLC increased its holdings in Tenable by 39.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after buying an additional 23,385 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Tenable by 6.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 801,267 shares of the company’s stock valued at $36,906,000 after buying an additional 48,410 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Activity at Tenable

In other Tenable news, COO Mark C. Thurmond sold 3,976 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total transaction of $188,223.84. Following the completion of the sale, the chief operating officer now owns 53,500 shares of the company’s stock, valued at approximately $2,532,690. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Mark C. Thurmond sold 3,976 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total value of $188,223.84. Following the sale, the chief operating officer now directly owns 53,500 shares of the company’s stock, valued at approximately $2,532,690. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 5,216 shares of Tenable stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total transaction of $241,083.52. Following the transaction, the chief financial officer now directly owns 238,593 shares of the company’s stock, valued at approximately $11,027,768.46. The disclosure for this sale can be found here. Insiders have sold 317,382 shares of company stock worth $15,021,615 over the last ninety days. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

TENB has been the topic of a number of recent analyst reports. Stephens lifted 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. Truist Financial boosted their price target on Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Susquehanna boosted their target price on Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Needham & Company LLC restated a “buy” rating and issued a $62.00 price target on shares of Tenable in a research note on Thursday. Finally, Wedbush reiterated an “outperform” rating and set a $65.00 price objective on shares of Tenable in a research report on Thursday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.20.

Tenable Stock Performance

Shares of Tenable stock opened at $44.60 on Friday. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -76.90 and a beta of 0.94. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company’s fifty day moving average is $47.06 and its 200 day moving average is $45.18. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04.

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

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.