Jacobs Levy Equity Management Inc. Has $11.39 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Jacobs Levy Equity Management Inc. trimmed its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 52.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 281,054 shares of the company's stock after selling 315,155 shares during the period. Jacobs Levy Equity Management Inc. owned 0.23% of Tenable worth $11,388,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company's stock worth $616,347,000 after purchasing an additional 305,334 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock valued at $182,685,000 after acquiring an additional 471,126 shares during the period. RGM Capital LLC boosted its stake in Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company's stock valued at $154,240,000 after acquiring an additional 153,127 shares during the period. American Century Companies Inc. boosted its stake in Tenable by 6.6% in the second 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 during the period. Finally, Penserra Capital Management LLC boosted its stake in Tenable by 0.6% in the third quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company's stock valued at $46,025,000 after acquiring an additional 7,301 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Up 1.7 %

Shares of TENB traded up $0.71 during mid-day trading on Thursday, reaching $43.44. The company's stock had a trading volume of 1,077,451 shares, compared to its average volume of 925,765. The business has a fifty day moving average of $41.39 and a 200 day moving average of $41.61. The company has a market cap of $5.22 billion, a price-to-earnings ratio of -85.18 and a beta of 0.83. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TENB. Needham & Company LLC restated a "buy" rating and issued a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Piper Sandler reduced their price objective on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group started coverage on Tenable in a report on Wednesday, October 16th. They set a "hold" rating and a $45.00 target price on the stock. Finally, Robert W. Baird dropped their target price on Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Six 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 company has an average rating of "Moderate Buy" and an average price target of $50.63.

Insider Activity

In other news, COO Mark C. Thurmond sold 2,209 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the transaction, the chief operating officer now directly owns 35,480 shares of the company's stock, valued at approximately $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen A. Vintz sold 3,180 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $135,913.20. Following the completion of the transaction, the chief financial officer now directly owns 285,045 shares in the company, valued at $12,182,823.30. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,654 shares of company stock worth $862,879 over the last quarter. Corporate insiders own 4.30% of the company's stock.

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.