Wells Fargo & Company MN Buys 20,031 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Wells Fargo & Company MN lifted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 41.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,831 shares of the company’s stock after purchasing an additional 20,031 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Tenable worth $2,671,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in Tenable in the fourth quarter valued at approximately $54,950,000. Vanguard Group Inc. lifted its holdings in Tenable by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock valued at $549,234,000 after purchasing an additional 708,249 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Tenable during the 4th quarter valued at about $15,653,000. Trexquant Investment LP acquired a new position in Tenable during the fourth quarter worth $11,170,000. Finally, California Public Employees Retirement System raised its stake in Tenable by 122.0% during the fourth quarter. California Public Employees Retirement System now owns 440,287 shares of the company’s stock worth $17,339,000 after purchasing an additional 241,926 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

TENB has been the subject of several analyst reports. Stephens initiated coverage on Tenable in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $42.00 price objective for the company. UBS Group reduced their target price on shares of Tenable from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Cantor Fitzgerald began coverage on shares of Tenable in a report on Monday, March 31st. They set an “overweight” rating and a $50.00 price target for the company. Finally, Barclays reduced their price objective on shares of Tenable from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.72.

Insider Buying and Selling

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the company’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 completion of the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock valued at $539,256 over the last three months. 1.50% of the stock is currently owned by company insiders.

Tenable Trading Up 2.9 %

Shares of Tenable stock opened at $32.71 on Friday. The company’s fifty day moving average is $35.31 and its two-hundred day moving average is $39.25. Tenable Holdings, Inc. has a 1 year low of $29.99 and a 1 year 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. The company has a market capitalization of $3.93 billion, a P/E ratio of -109.03 and a beta of 0.88.

Tenable (NASDAQ:TENB) last issued its quarterly 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 net margin of 4.03% and a negative return on equity of 2.07%. Analysts forecast 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.