Renaissance Group LLC Buys 7,105 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Renaissance Group LLC lifted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,508 shares of the company’s stock after buying an additional 7,105 shares during the quarter. Renaissance Group LLC owned about 0.06% of Tenable worth $2,852,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Tenable in the 4th quarter valued at about $54,950,000. Vanguard Group Inc. lifted its stake 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 during the last quarter. Assenagon Asset Management S.A. bought a new position in Tenable during the fourth quarter worth about $15,653,000. FMR LLC increased its position in Tenable by 2.0% during the fourth quarter. FMR LLC now owns 15,515,164 shares of the company’s stock worth $610,987,000 after buying an additional 304,237 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Tenable in the fourth quarter valued at approximately $11,170,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TENB has been the topic of a number of recent analyst reports. Morgan Stanley assumed coverage on Tenable in a report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 target price on the stock. Cantor Fitzgerald began coverage on shares of Tenable in a report on Monday, March 31st. They issued an “overweight” rating and a $50.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Stephens began coverage on shares of Tenable in a research note on Tuesday, April 1st. They issued an “equal weight” rating and a $42.00 price target on the stock. Finally, Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.76.

Tenable Stock Down 1.8 %

Shares of NASDAQ TENB opened at $31.32 on Wednesday. Tenable Holdings, Inc. has a 52 week low of $30.50 and a 52 week high of $50.07. The stock’s fifty day moving average is $37.58 and its 200 day moving average is $39.96. 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 stock has a market capitalization of $3.77 billion, a P/E ratio of -104.40 and a beta of 0.88.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 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%. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm’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 sale, the director now owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now directly owns 41,266 shares of the company’s stock, 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 worth $539,256 in the last ninety days. 4.30% of the stock is owned by insiders.

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.