Assenagon Asset Management S.A. Invests $15.65 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

Assenagon Asset Management S.A. bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 397,495 shares of the company's stock, valued at approximately $15,653,000. Assenagon Asset Management S.A. owned 0.33% of Tenable as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its holdings in shares of Tenable by 430.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company's stock worth $9,771,000 after acquiring an additional 201,360 shares during the period. Fulton Bank N.A. increased its stake in shares of Tenable by 12.3% in the fourth quarter. Fulton Bank N.A. now owns 9,209 shares of the company's stock valued at $363,000 after purchasing an additional 1,007 shares during the period. Nordea Investment Management AB raised its holdings in shares of Tenable by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock valued at $10,489,000 after buying an additional 25,247 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Tenable by 7.3% during the third quarter. Franklin Resources Inc. now owns 448,586 shares of the company's stock worth $18,984,000 after buying an additional 30,530 shares during the period. Finally, Tidal Investments LLC grew its holdings in Tenable by 19.4% in the 3rd quarter. Tidal Investments LLC now owns 31,518 shares of the company's stock worth $1,277,000 after buying an additional 5,116 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on TENB shares. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Tenable in a research report on Monday, January 6th. Robert W. Baird decreased their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Piper Sandler dropped their target price on Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Finally, Barclays decreased their price target on Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.19.

Tenable Stock Down 4.1 %

NASDAQ:TENB traded down $1.76 during trading hours on Friday, hitting $40.83. 1,091,259 shares of the company's stock traded hands, compared to its average volume of 758,437. The stock's fifty day moving average price is $41.11 and its two-hundred day moving average price is $41.39. The firm has a market cap of $4.91 billion, a P/E ratio of -80.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50.

Insider Activity

In related news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the transaction, the director now owns 8,659 shares in the company, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amit Yoran sold 5,293 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares of the company's stock, valued at $2,209,273.34. This represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,463 shares of company stock worth $894,042 in the last 90 days. Company insiders own 4.30% of the company's stock.

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.