Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 92.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,365 shares of the company's stock after purchasing an additional 70,307 shares during the quarter. Citigroup Inc. owned approximately 0.12% of Tenable worth $5,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Covestor Ltd raised its holdings in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after acquiring an additional 289 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Tenable in the 2nd quarter valued at approximately $40,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tenable in the 2nd quarter valued at $200,000. Olympiad Research LP raised its holdings in shares of Tenable by 11.1% in the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company's stock valued at $214,000 after purchasing an additional 528 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Tenable during the 2nd quarter worth $222,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Activity

In other Tenable news, CFO Stephen A. Vintz sold 3,180 shares of Tenable stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $135,913.20. Following the completion of the sale, the chief financial officer now owns 285,045 shares in the company, valued at $12,182,823.30. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amit Yoran sold 4,828 shares of the company's stock in a transaction dated 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 directly owns 45,171 shares of the company's stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their position. 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 90 days. 4.30% of the stock is currently owned by corporate insiders.

Tenable Price Performance

TENB stock traded up $0.08 during midday trading on Monday, hitting $42.06. 828,925 shares of the stock were exchanged, compared to its average volume of 920,557. The stock's 50-day moving average price is $41.28 and its 200-day moving average price is $41.62. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -82.47 and a beta of 0.83. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50.

Analyst Ratings Changes

Several research firms recently commented on TENB. Westpark Capital reissued a "hold" rating on shares of Tenable in a report on Thursday, October 31st. Robert W. Baird dropped their price objective on Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Jefferies Financial Group assumed coverage on shares of Tenable in a research note on Wednesday, October 16th. They issued a "hold" rating and a $45.00 price objective for the company. Barclays cut 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. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.63.

About Tenable

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.