Russell Investments Group Ltd. Buys 9,991 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Russell Investments Group Ltd. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 211.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,713 shares of the company’s stock after acquiring an additional 9,991 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tenable were worth $579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 575 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Tenable during the 4th quarter valued at $38,000. Larson Financial Group LLC boosted its holdings in Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after buying an additional 675 shares during the period. Nisa Investment Advisors LLC increased its stake in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after buying an additional 1,172 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after acquiring an additional 657 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total value of $138,758.88. Following the sale, the chief executive officer now owns 74,295 shares in the company, valued at $2,858,871.60. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,128 shares of company stock worth $539,256 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TENB shares. Morgan Stanley cut their target price on Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Scotiabank increased their price objective on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Truist Financial lowered their target price on shares of Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Cantor Fitzgerald started coverage on shares of Tenable in a research note on Monday, March 31st. They set an “overweight” rating and a $50.00 target price for the company. Finally, Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $45.00 in a report on Friday, January 17th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.71.

Tenable Stock Performance

NASDAQ:TENB opened at $30.99 on Wednesday. The firm has a market capitalization of $3.72 billion, a PE ratio of -103.30 and a beta of 0.88. The stock’s fifty day moving average is $35.58 and its 200 day moving average is $39.35. Tenable Holdings, Inc. has a fifty-two week low of $29.99 and a fifty-two week high of $49.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share 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.