Fmr LLC Acquires 305,334 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

FMR LLC boosted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,210,927 shares of the company's stock after purchasing an additional 305,334 shares during the quarter. FMR LLC owned 12.66% of Tenable worth $616,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in Tenable during the 1st quarter worth approximately $300,000. Price T Rowe Associates Inc. MD grew its stake in Tenable by 0.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company's stock valued at $44,426,000 after buying an additional 7,258 shares during the last quarter. Tidal Investments LLC lifted its holdings in Tenable by 157.8% during the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company's stock worth $1,150,000 after purchasing an additional 14,244 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Tenable by 314.7% in the second quarter. Harbor Capital Advisors Inc. now owns 30,963 shares of the company's stock valued at $1,349,000 after acquiring an additional 23,497 shares during the period. Finally, Diversified Trust Co boosted its holdings in Tenable by 35.7% in the 2nd quarter. Diversified Trust Co now owns 17,318 shares of the company's stock valued at $755,000 after purchasing an additional 4,552 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TENB. DA Davidson downgraded Tenable from a "buy" rating to a "neutral" rating and dropped their price target for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Wells Fargo & Company reduced their target price on shares of Tenable from $60.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, August 1st. Piper Sandler dropped their price objective on Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Scotiabank cut their target price on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 1st. Finally, Robert W. Baird reduced their price objective on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.81.

Insider Buying and Selling at Tenable

In other news, COO Mark C. Thurmond sold 2,343 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $100,139.82. Following the transaction, the chief operating officer now owns 37,188 shares of the company's stock, valued at approximately $1,589,415.12. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 4,828 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value 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 approximately $1,839,363.12. This represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,654 shares of company stock worth $862,879 in the last quarter. 4.30% of the stock is currently owned by company insiders.

Tenable Price Performance

Shares of TENB stock traded up $0.10 during trading on Friday, hitting $41.98. The company's stock had a trading volume of 499,262 shares, compared to its average volume of 920,818. The business has a fifty day moving average of $41.21 and a 200-day moving average of $41.69. 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.

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.