Oppenheimer Asset Management Inc. Increases Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Oppenheimer Asset Management Inc. grew its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 59.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,754 shares of the company’s stock after purchasing an additional 5,883 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Tenable were worth $638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in shares of Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. Quest Partners LLC purchased a new position in Tenable in the second quarter valued at about $40,000. Truvestments Capital LLC bought a new position in shares of Tenable during the 1st quarter valued at approximately $189,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tenable during the 2nd quarter worth approximately $200,000. Finally, Olympiad Research LP raised its holdings in shares of Tenable by 11.1% in the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after purchasing an additional 528 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of Tenable 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 $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. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,469 shares of company stock worth $520,276 in the last ninety days. 4.30% of the stock is currently owned by insiders.

Tenable Trading Up 0.1 %

Tenable stock opened at $40.79 on Wednesday. The stock has a market cap of $4.90 billion, a P/E ratio of -79.98 and a beta of 0.83. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The firm’s fifty day moving average price is $40.84 and its 200-day moving average price is $41.83. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Analyst Ratings Changes

A number of research firms have issued reports on TENB. DA Davidson downgraded 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. Stifel Nicolaus lowered their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Susquehanna lowered their price target on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a research report on Thursday, August 1st. Finally, Canaccord Genuity Group cut their price objective on shares of 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

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.