Dynamic Technology Lab Private Ltd Purchases 18,998 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Dynamic Technology Lab Private Ltd boosted its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 263.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,213 shares of the company's stock after acquiring an additional 18,998 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Tenable were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in shares of Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock valued at $182,685,000 after purchasing an additional 471,126 shares in the last quarter. RGM Capital LLC lifted its holdings in Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company's stock worth $154,240,000 after buying an additional 153,127 shares during the period. American Century Companies Inc. boosted its position in Tenable by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 1,372,854 shares of the company's stock valued at $59,829,000 after acquiring an additional 84,616 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Tenable by 0.6% during the 3rd quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company's stock worth $46,025,000 after acquiring an additional 7,301 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Tenable by 17.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company's stock worth $42,859,000 after acquiring an additional 158,409 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TENB shares. Barclays dropped their price target on Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reduced their target price on shares of Tenable from $60.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, August 1st. Scotiabank decreased their price target 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. Truist Financial reissued a "buy" rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Finally, Robert W. Baird decreased their target price on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $50.81.

Tenable Stock Up 0.6 %

Tenable stock opened at $43.01 on Wednesday. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The stock has a fifty day simple moving average of $41.13 and a two-hundred day simple moving average of $41.69. 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 firm has a market cap of $5.17 billion, a price-to-earnings ratio of -84.33 and a beta of 0.83.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 5,293 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the transaction, the chief executive officer now owns 51,691 shares in the company, valued at approximately $2,209,273.34. This represents a 9.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 2,801 shares of the firm'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 $114,056.72. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 20,654 shares of company stock valued at $862,879 over the last ninety days. Insiders own 4.30% of the company's stock.

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.