Franklin Resources Inc. Grows Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Franklin Resources Inc. boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 448,586 shares of the company's stock after buying an additional 30,530 shares during the quarter. Franklin Resources Inc. owned 0.37% of Tenable worth $18,984,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TENB. Covestor Ltd grew its holdings in Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company's stock worth $26,000 after acquiring an additional 289 shares during the period. Larson Financial Group LLC raised its position in shares of Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after acquiring an additional 652 shares during the period. Quest Partners LLC acquired a new stake in Tenable in the 2nd quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in Tenable in the 3rd quarter worth $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Tenable during the second quarter worth $200,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tenable news, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares of the company's stock, valued at $1,444,745.60. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amit Yoran sold 5,293 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the completion of the transaction, the chief executive officer now directly owns 51,691 shares of the company's stock, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,654 shares of company stock valued at $862,879. Company insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

TENB has been the topic of several research analyst reports. Robert W. Baird dropped their target price on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Tenable in a report on Tuesday, October 29th. Westpark Capital reissued a "hold" rating on shares of Tenable in a report on Thursday, October 31st. Piper Sandler lowered their price target on Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $47.00 price target (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.63.

Tenable Trading Up 0.3 %

TENB traded up $0.11 on Friday, hitting $41.05. The company had a trading volume of 2,234,448 shares, compared to its average volume of 928,466. The company's fifty day moving average price is $41.69 and its 200 day moving average price is $41.55. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. 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 $4.93 billion, a P/E ratio of -80.49 and a beta of 0.83.

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.