Centiva Capital LP Buys New Shares in Tenable Holdings, Inc. (NASDAQ:TENB)

Centiva Capital LP purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the company's stock, valued at approximately $608,000.

Other hedge funds have also recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after buying an additional 289 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after acquiring an additional 652 shares during the period. Quest Partners LLC acquired a new stake in Tenable in the second quarter valued at approximately $40,000. Truvestments Capital LLC purchased a new stake in shares of Tenable during the third quarter valued at approximately $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tenable during the second quarter worth $200,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered their price target on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Morgan Stanley restated an "equal weight" rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Jefferies Financial Group began coverage on Tenable in a research note on Wednesday, October 16th. They issued a "hold" rating and a $45.00 price target on the stock. Robert W. Baird reduced their price target on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of Tenable in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.63.

Tenable Stock Performance

TENB traded down $1.02 during trading on Friday, reaching $42.42. 558,250 shares of the company were exchanged, compared to its average volume of 914,436. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $41.51 and a 200 day moving average of $41.59. The stock has a market cap of $5.10 billion, a P/E ratio of -83.18 and a beta of 0.83.

Insider Activity

In other Tenable news, CEO Amit Yoran sold 5,293 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the transaction, the chief executive officer now owns 51,691 shares of the company's stock, valued at approximately $2,209,273.34. This trade represents a 9.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen A. Vintz sold 2,801 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the sale, the chief financial officer now directly owns 281,536 shares of the company's stock, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,654 shares of company stock valued at $862,879. Insiders own 4.30% of the company's stock.

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.