Federated Hermes Inc. Sells 41,495 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Federated Hermes Inc. decreased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 30.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 93,038 shares of the company’s stock after selling 41,495 shares during the quarter. Federated Hermes Inc.’s holdings in Tenable were worth $3,664,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in Tenable by 211.6% during the 4th quarter. Russell Investments Group Ltd. now owns 14,713 shares of the company’s stock valued at $579,000 after buying an additional 9,991 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Tenable by 41.9% during the fourth 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. Bryce Point Capital LLC purchased a new position in shares of Tenable in the 4th quarter valued at approximately $1,366,000. Trexquant Investment LP purchased a new stake in Tenable during the 4th quarter worth approximately $11,170,000. Finally, Geode Capital Management LLC grew its position in Tenable by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock worth $110,416,000 after purchasing an additional 8,746 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cantor Fitzgerald assumed coverage on Tenable in a research note on Monday, March 31st. They set an “overweight” rating and a $50.00 price target on the stock. Barclays upped their target price on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Truist Financial decreased their price objective on shares of Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Stifel Nicolaus lowered 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 note on Friday, January 17th. Finally, Scotiabank raised their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.76.

Insider Transactions at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Tenable Trading Down 0.1 %

Shares of TENB stock opened at $32.84 on Friday. Tenable Holdings, Inc. has a 1 year low of $30.50 and a 1 year high of $49.71. 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 firm has a market capitalization of $3.95 billion, a PE ratio of -109.47 and a beta of 0.88. The stock has a fifty day moving average of $36.80 and a two-hundred day moving average of $39.78.

Tenable (NASDAQ:TENB) last posted 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 return on equity of 2.07% and a negative net margin of 4.03%. As a group, research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

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.