Bullseye Asset Management LLC Sells 40,321 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Bullseye Asset Management LLC decreased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 29.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,341 shares of the company's stock after selling 40,321 shares during the quarter. Tenable accounts for about 1.8% of Bullseye Asset Management LLC's investment portfolio, making the stock its 25th largest position. Bullseye Asset Management LLC owned approximately 0.08% of Tenable worth $3,863,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TENB. Readystate Asset Management LP purchased a new position in shares of Tenable in the third quarter worth approximately $24,660,000. Mackenzie Financial Corp boosted its stake in Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock worth $182,685,000 after purchasing an additional 471,126 shares during the period. FMR LLC grew its position in Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company's stock worth $616,347,000 after purchasing an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Tenable by 28.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock valued at $37,294,000 after purchasing an additional 201,366 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Tenable in the second quarter valued at $7,740,000. Institutional investors own 89.06% of the company's stock.

Insider Transactions at Tenable

In related news, CEO Amit Yoran sold 4,828 shares of the business'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 transaction, the chief executive officer now owns 45,171 shares of the company's stock, valued at approximately $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen A. Vintz sold 3,180 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 285,045 shares of the company's stock, valued at approximately $12,182,823.30. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock worth $862,879 over the last three months. 4.30% of the stock is currently owned by insiders.

Tenable Stock Performance

Shares of NASDAQ TENB traded down $0.09 during trading hours on Tuesday, hitting $42.92. 588,485 shares of the company's stock were exchanged, compared to its average volume of 922,438. The company's 50-day moving average price is $41.60 and its 200-day moving average price is $41.58. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of -84.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TENB shares. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price target on shares of Tenable in a report on Tuesday, October 29th. Morgan Stanley reaffirmed an "equal weight" rating and set a $47.00 target price (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Robert W. Baird lowered their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Piper Sandler cut their target price on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Six research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.63.

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.