Tenable Holdings, Inc. (NASDAQ:TENB) Stake Raised by State Street Corp

State Street Corp increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,913,580 shares of the company's stock after buying an additional 73,293 shares during the period. State Street Corp owned about 2.43% of Tenable worth $118,058,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of Tenable by 1.8% in the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company's stock valued at $694,000 after acquiring an additional 276 shares in the last quarter. 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 worth $26,000 after buying an additional 289 shares in the last quarter. Xponance Inc. lifted its stake in shares of Tenable by 5.5% during the second quarter. Xponance Inc. now owns 7,441 shares of the company's stock valued at $324,000 after buying an additional 389 shares during the period. Fulton Bank N.A. boosted its position in Tenable by 5.7% during the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company's stock worth $332,000 after acquiring an additional 443 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tenable by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company's stock worth $2,118,000 after acquiring an additional 457 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird dropped their target price on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Morgan Stanley reaffirmed an "equal weight" rating and set a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Piper Sandler decreased their target price on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Jefferies Financial Group began coverage on shares of Tenable in a research report on Wednesday, October 16th. They set a "hold" rating and a $45.00 price target for the company. Finally, Barclays decreased their price target on shares of Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tenable currently has an average rating of "Moderate Buy" and an average target price of $50.63.

Tenable Stock Up 2.2 %

TENB stock traded up $0.92 during mid-day trading on Monday, hitting $42.52. 934,525 shares of the company were exchanged, compared to its average volume of 919,512. The firm has a fifty day simple moving average of $41.70 and a 200 day simple moving average of $41.57. The company has a market capitalization of $5.11 billion, a PE ratio of -83.37 and a beta of 0.83. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Insider Transactions at Tenable

In other news, CFO Stephen A. Vintz sold 2,801 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 $114,056.72. Following the completion of the transaction, the chief financial officer now directly owns 281,536 shares of the company's stock, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the transaction, the chief executive officer now directly owns 45,171 shares in the company, valued at $1,839,363.12. This represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,654 shares of company stock valued at $862,879. 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.