Quantbot Technologies LP Grows Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Quantbot Technologies LP increased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 25.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,882 shares of the company's stock after buying an additional 15,056 shares during the period. Quantbot Technologies LP owned 0.06% of Tenable worth $2,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TENB. Covestor Ltd grew its holdings in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after buying an additional 289 shares during the last quarter. Larson Financial Group LLC grew its holdings in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the period. Quest Partners LLC purchased a new stake in Tenable in the 2nd quarter worth about $40,000. Truvestments Capital LLC purchased a new stake in shares of Tenable during the 3rd quarter valued at approximately $171,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Tenable in the second quarter valued at $200,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Performance

NASDAQ TENB traded down $1.13 during trading hours on Thursday, reaching $41.88. The stock had a trading volume of 471,142 shares, compared to its average volume of 922,651. The stock has a fifty day moving average of $41.17 and a 200 day moving average of $41.69. The stock has a market cap of $5.03 billion, a P/E ratio of -82.12 and a beta of 0.83. 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 52-week low of $35.25 and a 52-week high of $53.50.

Insider Buying and Selling

In other Tenable 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 transaction 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 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 is accessible through 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 transaction of $196,596.16. Following the completion of the sale, the chief executive officer now owns 45,171 shares in the company, valued at approximately $1,839,363.12. This trade represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock valued at $862,879 over the last 90 days. Insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial reaffirmed 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. Robert W. Baird decreased their price objective 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. Piper Sandler decreased their target price on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Jefferies Financial Group initiated coverage on Tenable in a research report on Wednesday, October 16th. They set a "hold" rating and a $45.00 price target on the stock. Finally, Morgan Stanley dropped their price target on Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tenable currently has a consensus 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.