Algert Global LLC Sells 27,970 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Algert Global LLC trimmed its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 44.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,016 shares of the company's stock after selling 27,970 shares during the period. Algert Global LLC's holdings in Tenable were worth $1,419,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TENB. Quadrature Capital Ltd bought a new position in shares of Tenable in the 1st quarter worth $300,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Tenable by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company's stock valued at $44,426,000 after buying an additional 7,258 shares during the last quarter. Tidal Investments LLC increased its position in shares of Tenable by 157.8% during the first quarter. Tidal Investments LLC now owns 23,268 shares of the company's stock worth $1,150,000 after acquiring an additional 14,244 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Tenable by 314.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,963 shares of the company's stock worth $1,349,000 after acquiring an additional 23,497 shares during the last quarter. Finally, Diversified Trust Co lifted its position in Tenable by 35.7% in the 2nd quarter. Diversified Trust Co now owns 17,318 shares of the company's stock valued at $755,000 after acquiring an additional 4,552 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Susquehanna dropped their price objective on Tenable from $60.00 to $48.00 and set a "positive" rating on the stock in a research note on Thursday, August 1st. Wells Fargo & Company cut their price target on shares of Tenable from $60.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, August 1st. Scotiabank decreased their price objective on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. Robert W. Baird cut their target price on Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Morgan Stanley decreased their price target on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tenable presently has an average rating of "Moderate Buy" and a consensus target price of $50.81.

Insider Buying and Selling at Tenable

In other news, CFO Stephen A. Vintz sold 2,801 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the transaction, the chief financial officer now owns 281,536 shares of the company's stock, valued at $11,464,145.92. This represents a 0.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $89,950.48. Following the sale, the chief operating officer now directly owns 35,480 shares of the company's stock, valued at $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,654 shares of company stock valued at $862,879 in the last 90 days. Corporate insiders own 4.30% of the company's stock.

Tenable Price Performance

Shares of Tenable stock traded up $0.10 during trading on Friday, hitting $41.98. The stock had a trading volume of 499,259 shares, compared to its average volume of 920,818. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -82.31 and a beta of 0.83. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The business's 50-day moving average is $41.24 and its 200 day moving average is $41.67. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable Company 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.