Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,794,485 shares of the company's stock after acquiring an additional 33,303 shares during the period. Geode Capital Management LLC owned about 2.33% of Tenable worth $113,255,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Readystate Asset Management LP purchased a new stake in Tenable during the third quarter worth $24,660,000. Mackenzie Financial Corp boosted its holdings in Tenable by 12.7% during the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock worth $182,685,000 after buying an additional 471,126 shares in the last quarter. FMR LLC boosted its holdings in Tenable by 2.0% during the third quarter. FMR LLC now owns 15,210,927 shares of the company's stock worth $616,347,000 after buying an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Tenable by 28.0% during the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock worth $37,294,000 after buying an additional 201,366 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Tenable during the second quarter worth $7,740,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tenable news, CEO Amit Yoran sold 5,293 shares of the 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 completion of the transaction, the chief executive officer now owns 51,691 shares of the company's stock, valued at $2,209,273.34. This trade represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mark C. Thurmond sold 2,209 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction 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 approximately $1,444,745.60. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,654 shares of company stock worth $862,879. Insiders own 4.30% of the company's stock.

Tenable Price Performance

Shares of NASDAQ TENB traded down $1.55 during mid-day trading on Wednesday, reaching $40.00. The company's stock had a trading volume of 1,432,947 shares, compared to its average volume of 922,155. The stock has a 50-day moving average of $41.75 and a two-hundred day moving average of $41.57. The stock has a market capitalization of $4.81 billion, a P/E ratio of -78.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TENB shares. Barclays lowered their price target on shares of Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Morgan Stanley reaffirmed an "equal weight" rating and set a $47.00 price objective (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Tenable in a report on Tuesday, October 29th. Jefferies Financial Group began coverage on shares of Tenable in a report on Wednesday, October 16th. They set a "hold" rating and a $45.00 price objective on the stock. Finally, Robert W. Baird decreased their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Six investment 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.63.

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.