Mirae Asset Global Investments Co. Ltd. Buys 1,603 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Mirae Asset Global Investments Co. Ltd. raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,082 shares of the company’s stock after purchasing an additional 1,603 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Tenable were worth $359,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its position in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after acquiring an additional 1,172 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Tenable during the fourth quarter valued at about $126,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analysts Set New Price Targets

TENB has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Piper Sandler reduced their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Robert W. Baird reduced their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.67.

Insider Transactions at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now owns 8,659 shares of the company’s stock, valued at $333,544.68. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the sale, the chief executive officer now owns 45,171 shares of the company’s stock, valued at $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,463 shares of company stock valued at $894,042 in the last quarter. 4.30% of the stock is owned by insiders.

Tenable Price Performance

TENB opened at $39.52 on Friday. The stock has a market capitalization of $4.75 billion, a PE ratio of -131.73 and a beta of 0.87. The stock’s 50 day moving average price is $41.24 and its 200-day moving average price is $41.23. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $51.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.18 EPS for the current year.

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.