Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,180 shares of the company’s stock after selling 1,700 shares during the period. US Bancorp DE’s holdings in Tenable were worth $696,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after buying an additional 312 shares during the last quarter. SG Americas Securities LLC raised its stake in Tenable by 214.6% in the first quarter. SG Americas Securities LLC now owns 8,645 shares of the company’s stock valued at $427,000 after buying an additional 5,897 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Tenable by 9.2% in the first quarter. Oppenheimer & Co. Inc. now owns 14,800 shares of the company’s stock worth $732,000 after acquiring an additional 1,250 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of Tenable by 49.3% during the first quarter. ClariVest Asset Management LLC now owns 10,969 shares of the company’s stock worth $542,000 after acquiring an additional 3,623 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Tenable by 1.3% during the first quarter. Swiss National Bank now owns 230,900 shares of the company’s stock valued at $11,413,000 after acquiring an additional 3,000 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tenable

In other news, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 278,493 shares in the company, valued at approximately $11,627,082.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,469 shares of company stock worth $520,276. 4.30% of the stock is owned by company insiders.

Tenable Price Performance

NASDAQ:TENB opened at $41.81 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.21. The company has a 50 day moving average price of $40.66 and a 200-day moving average price of $42.02. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -81.98 and a beta of 0.83.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Piper Sandler dropped their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Barclays reduced their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Susquehanna dropped their price target on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a research note on Thursday, August 1st. Finally, Stifel Nicolaus reduced their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Five investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.