6,955 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,955 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased 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 acquiring an additional 276 shares during the period. Covestor Ltd grew its position in 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 during the last quarter. Xponance Inc. increased its stake in Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock valued at $324,000 after purchasing an additional 389 shares during the period. Fulton Bank N.A. raised its holdings in shares of Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock valued at $332,000 after buying an additional 443 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tenable by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after buying an additional 457 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Activity at Tenable

In other news, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $114,056.72. Following the sale, the chief financial officer now owns 281,536 shares in the company, valued at $11,464,145.92. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction 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 $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,654 shares of company stock worth $862,879. Corporate insiders own 4.30% of the company’s stock.

Tenable Price Performance

Tenable stock opened at $41.55 on Wednesday. The firm has a fifty day moving average of $41.74 and a 200-day moving average of $41.57. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. 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 firm has a market capitalization of $4.99 billion, a P/E ratio of -81.47 and a beta of 0.83.

Wall Street Analyst Weigh In

TENB has been the topic of several recent research reports. Barclays dropped their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Piper Sandler cut their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Tuesday, October 29th. Westpark Capital reissued a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Jefferies Financial Group initiated coverage on shares of Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 target price for the company. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and an average target price of $50.63.

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.