Covestor Ltd Increases Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Covestor Ltd increased its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 84.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 631 shares of the company’s stock after purchasing an additional 289 shares during the period. Covestor Ltd’s holdings in Tenable were worth $26,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TENB. Champlain Investment Partners LLC lifted its holdings in shares of Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock valued at $78,650,000 after buying an additional 593,529 shares during the period. Mackenzie Financial Corp lifted its holdings in Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after acquiring an additional 471,126 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Tenable by 37.7% in the second quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock valued at $31,335,000 after acquiring an additional 196,810 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Tenable during the second quarter worth $7,740,000. Finally, Carlson Capital L P lifted its stake in Tenable by 1,356.6% during the first quarter. Carlson Capital L P now owns 168,968 shares of the company’s stock worth $8,352,000 after purchasing an additional 157,368 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TENB shares. Wells Fargo & Company dropped their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Scotiabank decreased their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group began coverage on Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 target price on the stock. Piper Sandler cut their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Canaccord Genuity Group dropped their price objective on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Tenable Stock Performance

NASDAQ TENB opened at $40.79 on Friday. The firm has a market capitalization of $4.90 billion, a P/E ratio of -79.98 and a beta of 0.83. The firm’s fifty day moving average price is $40.81 and its two-hundred day moving average price is $41.90. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Insider Buying and Selling

In other news, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the sale, the chief financial officer now directly owns 278,493 shares in the company, valued at approximately $11,627,082.75. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. This trade represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,469 shares of company stock valued at $520,276. 4.30% of the stock is owned by company insiders.

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.