Fmr LLC Boosts Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Fmr LLC boosted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 2.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,210,927 shares of the company’s stock after buying an additional 305,334 shares during the period. Fmr LLC owned approximately 0.13% of Tenable worth $616,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TENB. Mackenzie Financial Corp grew its position in Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Tenable by 28.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock valued at $37,294,000 after buying an additional 201,366 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Tenable by 37.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock valued at $31,335,000 after buying an additional 196,810 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Tenable in the 2nd quarter valued at $7,740,000. Finally, Fisher Asset Management LLC boosted its position in shares of Tenable by 17.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company’s stock worth $42,859,000 after purchasing an additional 158,409 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Trading Down 2.6 %

Shares of TENB stock opened at $41.88 on Friday. The firm has a 50-day moving average price of $41.21 and a 200 day moving average price of $41.69. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of -82.12 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Analysts Set New Price Targets

Several brokerages have commented on TENB. DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $56.00 to $40.00 in a research report on Thursday, August 1st. Piper Sandler decreased their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Scotiabank decreased their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company decreased their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, Stifel Nicolaus decreased their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.81.

Insider Activity at Tenable

In related news, CFO Stephen A. Vintz sold 2,801 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of the transaction, the chief financial officer now owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction dated Tuesday, November 19th. The shares were 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. This trade represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,654 shares of company stock valued at $862,879. 4.30% of the stock is owned by insiders.

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.