Harbor Capital Advisors Inc. Grows Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Harbor Capital Advisors Inc. grew its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 430.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,117 shares of the company’s stock after buying an additional 201,360 shares during the quarter. Harbor Capital Advisors Inc. owned 0.21% of Tenable worth $9,771,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Tenable by 1.8% in the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock worth $694,000 after acquiring an additional 276 shares during the period. Rhumbline Advisers lifted its position in shares of Tenable by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 170,621 shares of the company’s stock worth $7,436,000 after purchasing an additional 9,239 shares during the period. Arizona State Retirement System boosted its stake in shares of Tenable by 2.9% during the second quarter. Arizona State Retirement System now owns 33,067 shares of the company’s stock valued at $1,441,000 after purchasing an additional 931 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Tenable by 82.5% during the second quarter. Acadian Asset Management LLC now owns 39,781 shares of the company’s stock valued at $1,732,000 after buying an additional 17,982 shares during the period. Finally, Quest Partners LLC purchased a new stake in Tenable during the second quarter worth $40,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TENB shares. Barclays cut their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Robert W. Baird lowered their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group boosted their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Piper Sandler lowered their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Insider Buying and Selling

In other news, CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $196,596.16. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at $1,444,745.60. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock valued at $862,879 over the last 90 days. Insiders own 4.30% of the company’s stock.

Tenable Stock Performance

NASDAQ TENB traded down $0.70 during trading hours on Friday, reaching $38.19. The stock had a trading volume of 211,152 shares, compared to its average volume of 707,594. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. 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 market cap of $4.59 billion, a P/E ratio of -74.88 and a beta of 0.85. The stock has a fifty day moving average of $41.16 and a 200 day moving average of $41.49.

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.