Intech Investment Management LLC Buys Shares of 25,404 Tenable Holdings, Inc. (NASDAQ:TENB)

Intech Investment Management LLC bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,404 shares of the company's stock, valued at approximately $1,029,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in shares of Tenable by 157.8% during the first quarter. Tidal Investments LLC now owns 23,268 shares of the company's stock valued at $1,150,000 after acquiring an additional 14,244 shares during the period. Fiera Capital Corp bought a new position in shares of Tenable during the third quarter valued at $2,494,000. Panagora Asset Management Inc. lifted its holdings in shares of Tenable by 10.1% during the second quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company's stock valued at $16,277,000 after acquiring an additional 34,254 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Tenable by 51.0% during the third quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company's stock valued at $1,895,000 after acquiring an additional 15,794 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of Tenable by 116.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 24,595 shares of the company's stock valued at $1,072,000 after acquiring an additional 13,222 shares during the period. 89.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the transaction, the chief operating officer now owns 37,188 shares in the company, valued at $1,589,415.12. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,654 shares of company stock worth $862,879. Insiders own 4.30% of the company's stock.

Tenable Trading Down 2.6 %

TENB traded down $1.13 during midday trading on Thursday, reaching $41.88. 471,142 shares of the company were exchanged, compared to its average volume of 922,651. 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 one year low of $35.25 and a one year high of $53.50. The stock has a market capitalization of $5.03 billion, a P/E ratio of -82.12 and a beta of 0.83. The stock's 50-day simple moving average is $41.17 and its 200 day simple moving average is $41.69.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TENB shares. Piper Sandler lowered their target price on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group started coverage on Tenable in a research note on Wednesday, October 16th. They issued a "hold" rating and a $45.00 target price for the company. DA Davidson lowered Tenable from a "buy" rating to a "neutral" rating and lowered their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Scotiabank lowered their target price on Tenable from $47.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. Finally, Truist Financial restated a "buy" rating and issued a $55.00 target price (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Five 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 company. According to data from MarketBeat, Tenable has a consensus rating of "Moderate Buy" and an average target price 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.