Charles Schwab Investment Management Inc. Purchases 15,799 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Charles Schwab Investment Management Inc. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 992,094 shares of the company’s stock after acquiring an additional 15,799 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.83% of Tenable worth $39,069,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of TENB. State Street Corp increased its holdings in shares of Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after purchasing an additional 73,293 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after buying an additional 33,303 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $15,653,000. Nordea Investment Management AB raised its stake in shares of Tenable by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after buying an additional 25,247 shares during the last quarter. Finally, Barclays PLC grew its holdings in Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after purchasing an additional 177,048 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Price Performance

Tenable stock opened at $36.06 on Friday. The business has a fifty day moving average price of $39.81 and a 200-day moving average price of $40.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30. The firm has a market capitalization of $4.34 billion, a P/E ratio of -120.20 and a beta of 0.87.

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 net margin of 4.03% and a negative return on equity of 2.07%. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the business’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 value of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 3,606 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total transaction of $138,758.88. Following the sale, the chief executive officer now directly owns 74,295 shares in the company, valued at approximately $2,858,871.60. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,937 shares of company stock worth $570,418. 4.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TENB has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Jefferies Financial Group upped their price objective on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Scotiabank lifted their price target on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Tenable in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and an average target price of $49.67.

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.