Charles Schwab Investment Management Inc. Sells 32,766 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Charles Schwab Investment Management Inc. decreased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 976,295 shares of the company's stock after selling 32,766 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of Tenable worth $39,559,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in shares of 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 in the last quarter. Fiera Capital Corp acquired a new stake in Tenable in the third quarter valued at about $2,494,000. Panagora Asset Management Inc. boosted its stake in 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 buying an additional 34,254 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Tenable by 51.0% in the third quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company's stock valued at $1,895,000 after buying an additional 15,794 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its stake in Tenable by 116.3% in the second quarter. Cornercap Investment Counsel Inc. now owns 24,595 shares of the company's stock valued at $1,072,000 after buying an additional 13,222 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

Tenable Trading Up 0.9 %

TENB stock traded up $0.36 during mid-day trading on Tuesday, reaching $42.42. The company's stock had a trading volume of 1,311,549 shares, compared to its average volume of 922,235. The company has a market cap of $5.10 billion, a price-to-earnings ratio of -83.18 and a beta of 0.83. The business's 50 day moving average price is $41.28 and its 200 day moving average price is $41.62. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the transaction, the chief financial officer now owns 281,536 shares of the company's stock, valued at $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $89,950.48. Following the transaction, the chief operating officer now directly owns 35,480 shares in the company, valued at approximately $1,444,745.60. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. Piper Sandler reduced 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. Jefferies Financial Group began coverage on Tenable in a research note on Wednesday, October 16th. They set a "hold" rating and a $45.00 price target on the stock. Robert W. Baird cut their price target on Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Barclays cut their price target on Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.63.

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.