Citigroup Inc. Buys 70,307 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Citigroup Inc. grew its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 92.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,365 shares of the company’s stock after purchasing an additional 70,307 shares during the period. Citigroup Inc.’s holdings in Tenable were worth $5,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Covestor Ltd boosted its position in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares in the last quarter. Quest Partners LLC bought a new position in shares of Tenable in the 2nd quarter valued at $40,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tenable during the 2nd quarter valued at $200,000. DRW Securities LLC bought a new stake in Tenable during the 2nd quarter worth $222,000. Finally, Olympiad Research LP grew its position in Tenable by 11.1% during the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after acquiring an additional 528 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

Tenable Stock Performance

Shares of Tenable stock opened at $41.98 on Monday. The business has a 50-day moving average price of $41.24 and a two-hundred day moving average price of $41.63. 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. The company has a market cap of $5.04 billion, a P/E ratio of -82.31 and a beta of 0.83.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,801 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 value of $114,056.72. Following the completion of the sale, the chief financial officer now directly owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. The trade was 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 this hyperlink. Also, CEO Amit Yoran sold 4,828 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 transaction of $196,596.16. Following the transaction, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. This represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,654 shares of company stock worth $862,879 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of several research reports. Morgan Stanley dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a report on Tuesday, October 29th. Robert W. Baird reduced their target price 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 began coverage on shares of Tenable in a research report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target for the company. Finally, Westpark Capital reiterated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.81.

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.