Federated Hermes Inc. Has $3.66 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Federated Hermes Inc. trimmed its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 30.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,038 shares of the company’s stock after selling 41,495 shares during the quarter. Federated Hermes Inc. owned about 0.08% of Tenable worth $3,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tenable by 858.2% during the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Tenable in the fourth quarter worth approximately $38,000. Larson Financial Group LLC increased its holdings in shares of Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after acquiring an additional 675 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after purchasing an additional 1,172 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Tenable by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock worth $111,000 after purchasing an additional 657 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Tenable Price Performance

NASDAQ TENB opened at $32.84 on Friday. The business’s fifty day moving average is $36.80 and its 200 day moving average is $39.78. Tenable Holdings, Inc. has a fifty-two week low of $30.50 and a fifty-two week 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 company has a market capitalization of $3.95 billion, a PE ratio of -109.47 and a beta of 0.88.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley assumed coverage on Tenable in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 price objective for the company. Jefferies Financial Group cut their price objective on shares of Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, March 31st. Stephens started coverage on shares of Tenable in a report on Tuesday, April 1st. They issued an “equal weight” rating and a $42.00 target price for the company. Barclays boosted their price target on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.76.

Insider Activity at Tenable

In other news, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their position. The transaction 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 Tenable stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at $1,632,482.96. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,128 shares of company stock valued at $539,256. Corporate insiders own 4.30% of the company’s stock.

Tenable 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.