Two Sigma Advisers LP Acquires 136,600 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Two Sigma Advisers LP increased its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 56.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,600 shares of the company's stock after buying an additional 136,600 shares during the period. Two Sigma Advisers LP owned 0.32% of Tenable worth $15,381,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TENB. Covestor Ltd grew its stake in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after acquiring an additional 289 shares during the period. Larson Financial Group LLC grew its position in Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the period. Quest Partners LLC bought a new stake in Tenable during the 2nd quarter valued at $40,000. Truvestments Capital LLC acquired a new position in Tenable during the third quarter worth $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Tenable in the second quarter valued at $200,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tenable

In related news, CEO Amit Yoran sold 5,293 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $89,950.48. Following the sale, the chief operating officer now directly owns 35,480 shares of the company's stock, valued at approximately $1,444,745.60. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,654 shares of company stock valued at $862,879. Company insiders own 4.30% of the company's stock.

Tenable Stock Performance

NASDAQ TENB traded up $0.59 on Monday, hitting $43.01. The stock had a trading volume of 838,566 shares, compared to its average volume of 923,846. The firm has a 50-day moving average of $41.51 and a 200-day moving average of $41.59. 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 Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TENB. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Barclays lowered their price objective on Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Tenable in a research report on Tuesday, October 29th. Robert W. Baird dropped their price objective 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, Piper Sandler lowered their target price on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.