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

Harbor Capital Advisors Inc. lifted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 51.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,757 shares of the company's stock after purchasing an additional 15,794 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Tenable were worth $1,895,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TENB. Allspring Global Investments Holdings LLC increased its position in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company's stock worth $183,000 after purchasing an additional 312 shares during the last quarter. BNP Paribas Financial Markets raised its position in Tenable by 16.4% in the first quarter. BNP Paribas Financial Markets now owns 144,697 shares of the company's stock worth $7,152,000 after acquiring an additional 20,432 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Tenable in the first quarter worth $58,000. SG Americas Securities LLC raised its position in Tenable by 214.6% in the first quarter. SG Americas Securities LLC now owns 8,645 shares of the company's stock worth $427,000 after acquiring an additional 5,897 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in shares of Tenable in the first quarter valued at $380,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Activity at Tenable

In related news, CFO Stephen A. Vintz sold 3,413 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the sale, the chief financial officer now owns 278,493 shares of the company's stock, valued at approximately $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Amit Yoran sold 5,673 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the completion of the sale, the chief executive officer now directly owns 39,309 shares of the company's stock, valued at $1,641,150.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the completion of the transaction, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,469 shares of company stock worth $520,276 in the last three months. Company insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson lowered Tenable from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Stifel Nicolaus decreased their price target on Tenable from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Susquehanna cut their target price on shares of Tenable from $60.00 to $48.00 and set a "positive" rating on the stock in a report on Thursday, August 1st. Canaccord Genuity Group cut their price target on Tenable from $57.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Finally, Scotiabank decreased their price target on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating on the stock in a research report 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's stock. According to MarketBeat.com, Tenable presently has an average rating of "Moderate Buy" and a consensus target price of $50.81.

Tenable Stock Performance

NASDAQ:TENB traded up $0.30 during trading hours on Tuesday, hitting $39.01. 917,986 shares of the company were exchanged, compared to its average volume of 915,678. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The company's 50 day moving average price is $40.62 and its 200-day moving average price is $42.07. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -76.49 and a beta of 0.83.

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.