Envestnet Asset Management Inc. Has $1.04 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Envestnet Asset Management Inc. decreased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 40.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 26,486 shares of the company’s stock after selling 18,035 shares during the period. Envestnet Asset Management Inc.’s holdings in Tenable were worth $1,043,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in Tenable during the fourth quarter worth $15,653,000. Nordea Investment Management AB lifted its position in Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after buying an additional 25,247 shares in the last quarter. Barclays PLC boosted its stake in shares of Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after buying an additional 177,048 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Tenable by 430.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock worth $9,771,000 after buying an additional 201,360 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Tenable by 41.9% in the 4th quarter. Wells Fargo & Company MN now owns 67,831 shares of the company’s stock valued at $2,671,000 after acquiring an additional 20,031 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TENB shares. Truist Financial dropped their target price on Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Barclays dropped their price objective on Tenable from $40.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Cantor Fitzgerald assumed coverage on shares of Tenable in a research note on Monday, March 31st. They issued an “overweight” rating and a $50.00 target price for the company. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Wednesday. Finally, Jefferies Financial Group cut their price target on shares of Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Tenable currently has an average rating of “Moderate Buy” and an average target price of $41.74.

Tenable Stock Performance

TENB opened at $30.74 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The business has a fifty day simple moving average of $34.63 and a 200 day simple moving average of $38.91. Tenable Holdings, Inc. has a 1 year low of $28.75 and a 1 year high of $49.18. The company has a market capitalization of $3.69 billion, a PE ratio of -102.47 and a beta of 0.88.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The company had revenue of $239.14 million during the quarter, compared to analysts’ expectations of $234.12 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. Tenable’s quarterly revenue was up 10.7% on a year-over-year basis. Research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value 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. The trade was a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s 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 transaction, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock worth $539,256 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

About Tenable

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.