Connor Clark & Lunn Investment Management Ltd. Lowers Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Connor Clark & Lunn Investment Management Ltd. cut its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 90.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,325 shares of the company's stock after selling 147,694 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Tenable were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in TENB. Covestor Ltd increased its position in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after purchasing an additional 289 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Tenable in the 2nd quarter worth about $40,000. Susquehanna Fundamental Investments LLC bought a new stake in Tenable during the 2nd quarter valued at approximately $200,000. DRW Securities LLC purchased a new stake in Tenable in the second quarter worth $222,000. Finally, Olympiad Research LP lifted its position in Tenable by 11.1% during the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company's stock valued at $214,000 after acquiring an additional 528 shares during the period. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Buying and Selling at Tenable

In related news, CFO Stephen A. Vintz sold 2,801 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the sale, the chief financial officer now directly owns 281,536 shares in the company, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 2,209 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 $89,950.48. Following the sale, the chief operating officer now directly owns 35,480 shares of the company's stock, valued at approximately $1,444,745.60. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,654 shares of company stock valued at $862,879. Corporate insiders own 4.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on TENB shares. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a report on Thursday, October 31st. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th. Robert W. Baird decreased their target price on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. DA Davidson downgraded Tenable from a "buy" rating to a "neutral" rating and decreased their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Finally, Barclays cut their price objective on Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $50.81.

Tenable Stock Performance

Tenable stock traded up $0.10 during mid-day trading on Friday, hitting $41.98. The company had a trading volume of 499,260 shares, compared to its average volume of 920,818. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The company's fifty day moving average is $41.21 and its 200-day moving average is $41.69. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50.

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.