Algert Global LLC Sells 27,970 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Algert Global LLC reduced its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 44.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,016 shares of the company’s stock after selling 27,970 shares during the quarter. Algert Global LLC’s holdings in Tenable were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of 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 purchasing an additional 276 shares during the period. Covestor Ltd lifted its holdings in shares of Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after buying an additional 389 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after buying an additional 443 shares in the last quarter. Finally, Olympiad Research LP lifted its holdings in shares of Tenable by 11.1% in the third quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after buying an additional 528 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Trading Down 2.6 %

Shares of TENB opened at $41.88 on Friday. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. The company has a market cap of $5.03 billion, a P/E 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. The company’s fifty day simple moving average is $41.21 and its 200-day simple moving average is $41.69.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays lowered their target price on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Canaccord Genuity Group lowered their target price on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Susquehanna lowered their target price on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Scotiabank lowered their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Finally, Jefferies Financial Group began coverage on shares of Tenable in a research note on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $50.81.

Insider Activity

In other news, CFO Stephen A. Vintz sold 2,801 shares of the company’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 transaction, the chief financial officer now directly owns 281,536 shares in the company, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mark C. Thurmond sold 2,209 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was 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 owns 35,480 shares in the company, valued at approximately $1,444,745.60. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,654 shares of company stock valued at $862,879. 4.30% of the stock is currently owned by company 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.