Cornercap Investment Counsel Inc. Sells 12,937 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Cornercap Investment Counsel Inc. cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 52.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,658 shares of the company's stock after selling 12,937 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Tenable were worth $472,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TENB. Principal Financial Group Inc. increased its position in shares of Tenable by 1.8% in the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company's stock worth $694,000 after acquiring an additional 276 shares in the last quarter. Covestor Ltd lifted its stake 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 buying an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Tenable by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company's stock valued at $183,000 after buying an additional 312 shares during the last quarter. Xponance Inc. grew its position in Tenable by 5.5% in the 2nd quarter. Xponance Inc. now owns 7,441 shares of the company's stock valued at $324,000 after buying an additional 389 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of Tenable by 5.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company's stock worth $332,000 after buying an additional 443 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 5,673 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the transaction, the chief executive officer now directly owns 39,309 shares of the company's stock, valued at $1,641,150.75. This represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 3,383 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at $1,419,731.14. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,469 shares of company stock worth $520,276. Insiders own 4.30% of the company's stock.

Tenable Stock Down 2.3 %

Shares of NASDAQ TENB traded down $0.95 during trading hours on Friday, hitting $40.79. The company had a trading volume of 734,288 shares, compared to its average volume of 1,120,974. The stock has a market capitalization of $4.90 billion, a P/E ratio of -79.98 and a beta of 0.83. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The firm's 50 day moving average is $40.81 and its 200-day moving average is $41.88. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial restated a "buy" rating and set a $55.00 price target (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. DA Davidson downgraded shares of Tenable from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Scotiabank dropped their price objective on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. Wells Fargo & Company dropped their price objective on Tenable from $60.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, August 1st. Finally, Stifel Nicolaus reduced their target price on Tenable from $54.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $50.81.

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.