State of New Jersey Common Pension Fund D Purchases 4,182 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

State of New Jersey Common Pension Fund D increased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,912 shares of the company’s stock after purchasing an additional 4,182 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Tenable were worth $1,941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd grew its position in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of Tenable during the 3rd quarter worth approximately $2,494,000. Olympiad Research LP lifted its holdings in shares of 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 period. Malaga Cove Capital LLC lifted its holdings in shares of Tenable by 55.3% during the 3rd quarter. Malaga Cove Capital LLC now owns 14,071 shares of the company’s stock worth $570,000 after acquiring an additional 5,008 shares during the period. Finally, Emerald Advisers LLC lifted its holdings in shares of Tenable by 0.6% during the 3rd quarter. Emerald Advisers LLC now owns 828,201 shares of the company’s stock worth $33,559,000 after acquiring an additional 5,346 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target for the company. Robert W. Baird dropped their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Truist Financial reissued a “buy” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Wells Fargo & Company dropped their price objective on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, Canaccord Genuity Group dropped their price objective on shares of Tenable from $57.00 to $53.00 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and a consensus target price of $50.81.

Tenable Trading Down 2.3 %

TENB opened at $40.79 on Monday. 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 stock has a market cap of $4.90 billion, a PE ratio of -79.98 and a beta of 0.83. The company has a fifty day moving average of $40.81 and a 200-day moving average of $41.88. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 5,673 shares of Tenable stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the sale, the chief executive officer now owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction dated Monday, August 26th. The stock was 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 approximately $11,627,082.75. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,469 shares of company stock worth $520,276. 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.