Harbor Capital Advisors Inc. Raises Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Harbor Capital Advisors Inc. grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 430.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,117 shares of the company's stock after buying an additional 201,360 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.21% of Tenable worth $9,771,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related news, CEO Amit Yoran sold 4,828 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mark C. Thurmond sold 2,209 shares of the stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, valued at $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,654 shares of company stock worth $862,879 over the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

Tenable Stock Down 1.0 %

Shares of TENB traded down $0.40 during midday trading on Friday, hitting $38.49. 729,885 shares of the company's stock traded hands, compared to its average volume of 795,814. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The firm's fifty day moving average is $41.16 and its 200-day moving average is $41.49. 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 stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -75.47 and a beta of 0.85.

Analyst Ratings Changes

Several equities analysts have commented on TENB shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Tenable in a research report on Monday. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research note on Thursday, October 31st. Piper Sandler lowered their price objective on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Robert W. Baird reduced 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. Finally, Jefferies Financial Group boosted their price target on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, December 19th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.63.

Tenable 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.