Barclays PLC Has $29.65 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Barclays PLC raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 31.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 731,626 shares of the company's stock after acquiring an additional 177,048 shares during the quarter. Barclays PLC owned approximately 0.61% of Tenable worth $29,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiera Capital Corp bought a new position in Tenable in the third quarter valued at $2,494,000. Centiva Capital LP bought a new position in shares of Tenable in the 3rd quarter valued at about $608,000. Readystate Asset Management LP bought a new position in shares of Tenable in the 3rd quarter valued at about $24,660,000. Panagora Asset Management Inc. increased its position in shares of Tenable by 10.1% in the second quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company's stock valued at $16,277,000 after acquiring an additional 34,254 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Tenable by 51.0% during the third quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company's stock worth $1,895,000 after acquiring an additional 15,794 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TENB has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Barclays decreased their target price on shares of Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group started coverage on shares of Tenable in a research report on Wednesday, October 16th. They set a "hold" rating and a $45.00 price target on the stock. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tenable presently has an average rating of "Moderate Buy" and a consensus price target of $50.63.

Insider Transactions at Tenable

In related news, CEO Amit Yoran sold 5,293 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $226,222.82. Following the sale, the chief executive officer now owns 51,691 shares of the company's stock, valued at $2,209,273.34. This represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 3,180 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $135,913.20. Following the transaction, the chief financial officer now owns 285,045 shares in the company, valued at approximately $12,182,823.30. This trade represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,654 shares of company stock valued at $862,879. 4.30% of the stock is currently owned by corporate insiders.

Tenable Stock Performance

Shares of NASDAQ TENB traded down $1.40 during trading hours on Friday, reaching $41.60. 592,374 shares of the stock were exchanged, compared to its average volume of 919,450. The stock's fifty day simple moving average is $41.70 and its 200 day simple moving average is $41.58. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of -81.57 and a beta of 0.83. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50. 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 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.