Stifel Financial Corp Has $2.34 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Stifel Financial Corp trimmed its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 27.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,805 shares of the company's stock after selling 21,776 shares during the quarter. Stifel Financial Corp's holdings in Tenable were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiera Capital Corp acquired a new position in shares of Tenable during the third quarter valued at $2,494,000. Centiva Capital LP purchased a new position in shares of Tenable in the third quarter worth approximately $608,000. Readystate Asset Management LP acquired a new stake in shares of Tenable during the third quarter valued at approximately $24,660,000. Panagora Asset Management Inc. boosted its stake in Tenable by 10.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company's stock worth $16,277,000 after purchasing an additional 34,254 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Tenable by 51.0% in the third quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company's stock worth $1,895,000 after buying an additional 15,794 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Barclays reduced their target price on Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Piper Sandler decreased their target price on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Finally, Robert W. Baird cut their price target on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.63.

Insider Buying and Selling

In other Tenable news, CEO Amit Yoran sold 4,828 shares of the 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 owns 45,171 shares in the company, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction that occurred 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 sale, the chief operating officer now owns 35,480 shares in the company, valued at $1,444,745.60. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,654 shares of company stock valued at $862,879 in the last 90 days. 4.30% of the stock is owned by insiders.

Tenable Trading Up 2.3 %

Tenable stock traded up $0.94 during trading hours on Thursday, reaching $40.94. 1,162,575 shares of the company's stock traded hands, compared to its average volume of 923,136. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The firm's 50 day moving average is $41.72 and its 200-day moving average is $41.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -80.27 and a beta of 0.83.

Tenable Company 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.