Thrivent Financial for Lutherans Purchases 3,600 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Thrivent Financial for Lutherans grew its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,273 shares of the company’s stock after buying an additional 3,600 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tenable were worth $1,507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. grew its holdings in Tenable by 92.4% during the 3rd quarter. Citigroup Inc. now owns 146,365 shares of the company’s stock worth $5,931,000 after acquiring an additional 70,307 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Tenable by 19.8% during the third quarter. BNP Paribas Financial Markets now owns 76,523 shares of the company’s stock valued at $3,101,000 after purchasing an additional 12,635 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Tenable by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock valued at $2,118,000 after buying an additional 457 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Tenable by 1.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 257,586 shares of the company’s stock worth $10,437,000 after buying an additional 4,249 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of TENB opened at $34.94 on Monday. 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 50-day moving average of $39.15 and a two-hundred day moving average of $40.34. The stock has a market cap of $4.20 billion, a P/E ratio of -116.47 and a beta of 0.87. Tenable Holdings, Inc. has a one year low of $34.66 and a one year high of $50.07.

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

Insider Activity

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the company’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 owns 316,523 shares in the company, valued at approximately $12,078,517.68. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,937 shares of company stock valued at $570,418 in the last ninety days. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley assumed coverage on Tenable in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Jefferies Financial Group raised their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, Barclays lifted their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.20.

Tenable Company 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.