State Street Corp Purchases 73,293 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

State Street Corp raised its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,913,580 shares of the company’s stock after acquiring an additional 73,293 shares during the period. State Street Corp owned about 2.43% of Tenable worth $118,058,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Tenable by 11.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock valued at $37,833,000 after acquiring an additional 89,677 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Tenable during the 2nd quarter worth approximately $1,769,000. Panagora Asset Management Inc. raised its stake in shares of Tenable by 10.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock worth $16,277,000 after purchasing an additional 34,254 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after buying an additional 276 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Tenable by 5.7% in the second quarter. Rhumbline Advisers now owns 170,621 shares of the company’s stock valued at $7,436,000 after buying an additional 9,239 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Transactions at Tenable

In other news, CEO Amit Yoran sold 4,828 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen A. Vintz sold 3,180 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $135,913.20. Following the completion of the transaction, the chief financial officer now directly owns 285,045 shares of the company’s stock, valued at approximately $12,182,823.30. The trade was a 1.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,654 shares of company stock valued at $862,879. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TENB shares. Piper Sandler lowered their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Robert W. Baird decreased their target price on 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 assumed coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target for the company. Finally, 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. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Stock Down 3.3 %

TENB stock opened at $41.60 on Monday. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50. The business has a 50-day simple moving average of $41.70 and a 200 day simple moving average of $41.57. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a market cap of $5.00 billion, a PE ratio of -81.57 and a beta of 0.83.

About Tenable

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.