Loomis Sayles & Co. L P Sells 19,876 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Loomis Sayles & Co. L P trimmed its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 858,338 shares of the company's stock after selling 19,876 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.71% of Tenable worth $34,780,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock worth $182,685,000 after purchasing an additional 471,126 shares in the last quarter. RGM Capital LLC boosted its stake in Tenable by 4.5% during the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company's stock valued at $154,240,000 after buying an additional 153,127 shares during the period. American Century Companies Inc. grew its position in Tenable by 6.6% during the second quarter. American Century Companies Inc. now owns 1,372,854 shares of the company's stock worth $59,829,000 after buying an additional 84,616 shares in the last quarter. Penserra Capital Management LLC grew its position in Tenable by 0.6% during the third quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company's stock worth $46,025,000 after buying an additional 7,301 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Tenable by 17.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company's stock valued at $42,859,000 after acquiring an additional 158,409 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Trading Up 0.6 %

NASDAQ TENB traded up $0.27 on Tuesday, hitting $43.01. The company's stock had a trading volume of 513,064 shares, compared to its average volume of 924,623. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The firm has a market cap of $5.17 billion, a P/E ratio of -83.80 and a beta of 0.83. The company's 50-day simple moving average is $41.07 and its 200 day simple moving average is $41.70.

Insider Activity at Tenable

In related news, CFO Stephen A. Vintz sold 2,801 shares of the company'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 $114,056.72. Following the sale, the chief financial officer now directly owns 281,536 shares of the company's stock, valued at $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Yoran sold 4,828 shares of the firm'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 $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares of the company's stock, valued at $1,839,363.12. This represents a 9.66 % decrease in their position. 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 quarter. Corporate insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TENB shares. Piper Sandler cut their price objective on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Truist Financial reissued a "buy" rating and issued a $55.00 target price (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Jefferies Financial Group assumed coverage on Tenable in a research note on Wednesday, October 16th. They set a "hold" rating and a $45.00 price target for the company. Canaccord Genuity Group decreased their price objective on Tenable from $57.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Finally, Barclays cut their target price on Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.