Los Angeles Capital Management LLC Trims Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Los Angeles Capital Management LLC reduced its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,246 shares of the company’s stock after selling 360 shares during the period. Los Angeles Capital Management LLC’s holdings in Tenable were worth $1,955,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TENB. Covestor Ltd increased its stake 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 purchasing an additional 289 shares in the last quarter. Quest Partners LLC purchased a new position in Tenable during the second quarter valued at $40,000. Allspring Global Investments Holdings LLC raised its stake in Tenable by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after buying an additional 312 shares during the last quarter. Truvestments Capital LLC bought a new stake in Tenable in the first quarter worth $189,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tenable in the second quarter worth $200,000. Institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of several recent analyst reports. Jefferies Financial Group started coverage on Tenable in a research report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target for the company. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Truist Financial reiterated a “buy” rating and set a $55.00 price target (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $56.00 to $40.00 in a report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tenable has an average rating of “Moderate Buy” and an average price target of $50.81.

Insiders Place Their Bets

In other news, CFO Stephen A. Vintz sold 3,413 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the sale, the chief financial officer now directly owns 278,493 shares in the company, valued at $11,627,082.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Amit Yoran sold 5,673 shares of Tenable stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the transaction, the chief executive officer now directly owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $142,492.75. Following the completion of the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,469 shares of company stock worth $520,276. Company insiders own 4.30% of the company’s stock.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $42.03 on Thursday. The firm’s 50 day moving average price is $40.74 and its 200-day moving average price is $41.94. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $5.05 billion, a PE ratio of -82.41 and a beta of 0.83. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50.

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.