4,223 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Purchased by Truvestments Capital LLC

Truvestments Capital LLC purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,223 shares of the company’s stock, valued at approximately $171,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new position in shares of Tenable during the first quarter valued at approximately $300,000. Price T Rowe Associates Inc. MD boosted its holdings in Tenable by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company’s stock worth $44,426,000 after acquiring an additional 7,258 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Tenable by 157.8% in the first quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after purchasing an additional 14,244 shares during the last quarter. Washington Harbour Partners LP lifted its position in shares of Tenable by 247.9% during the first quarter. Washington Harbour Partners LP now owns 128,015 shares of the company’s stock valued at $6,328,000 after purchasing an additional 91,215 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Tenable by 314.7% during the second quarter. Harbor Capital Advisors Inc. now owns 30,963 shares of the company’s stock worth $1,349,000 after purchasing an additional 23,497 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 0.6 %

TENB opened at $43.01 on Wednesday. The company has a 50 day moving average of $41.07 and a 200 day moving average of $41.70. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50.

Insider Transactions at Tenable

In other news, COO Mark C. Thurmond sold 2,343 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $100,139.82. Following the sale, the chief operating officer now directly owns 37,188 shares of the company’s stock, valued at approximately $1,589,415.12. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen A. Vintz sold 3,180 shares of the business’s 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 transaction, the chief financial officer now directly owns 285,045 shares of the company’s stock, valued at approximately $12,182,823.30. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,654 shares of company stock valued at $862,879 over the last three months. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TENB. DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Jefferies Financial Group started coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target on the stock. Wells Fargo & Company reduced their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Morgan Stanley lowered their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Scotiabank reduced their price target on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.