Cibc World Markets Corp Makes New Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Cibc World Markets Corp acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,035 shares of the company's stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new position in shares of Tenable during the 3rd quarter worth $24,660,000. Assenagon Asset Management S.A. purchased a new position in Tenable during the fourth quarter worth about $15,653,000. FMR LLC boosted its holdings in Tenable by 2.0% in the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company's stock valued at $616,347,000 after purchasing an additional 305,334 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Tenable by 28.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock valued at $37,294,000 after buying an additional 201,366 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Tenable by 430.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company's stock worth $9,771,000 after buying an additional 201,360 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley started coverage on Tenable in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 price objective for the company. Jefferies Financial Group increased their price target on Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Barclays boosted their price objective on shares of Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Scotiabank increased their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $49.20.

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Insider Buying and Selling

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,937 shares of company stock worth $570,418. Company insiders own 4.30% of the company's stock.

Tenable Stock Down 1.3 %

Shares of Tenable stock traded down $0.46 during trading hours on Thursday, reaching $35.96. 596,371 shares of the company were exchanged, compared to its average volume of 924,109. The firm has a market cap of $4.33 billion, a PE ratio of -119.87 and a beta of 0.87. 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 1 year low of $35.25 and a 1 year high of $50.30. The stock's fifty day moving average is $39.40 and its 200 day moving average is $40.38.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

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.