Washington Harbour Partners LP Grows Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Washington Harbour Partners LP raised its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 18.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,515 shares of the company's stock after acquiring an additional 16,600 shares during the quarter. Tenable makes up 7.6% of Washington Harbour Partners LP's portfolio, making the stock its 4th biggest holding. Washington Harbour Partners LP owned 0.09% of Tenable worth $4,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TENB. Readystate Asset Management LP purchased a new stake in shares of Tenable in the third quarter valued at $24,660,000. Mackenzie Financial Corp increased its holdings in Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock worth $182,685,000 after buying an additional 471,126 shares during the period. FMR LLC boosted its stake in shares of Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company's stock worth $616,347,000 after buying an additional 305,334 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Tenable by 28.0% in the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company's stock worth $37,294,000 after acquiring an additional 201,366 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Tenable in the second quarter valued at approximately $7,740,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Stock Down 2.3 %

Shares of NASDAQ:TENB traded down $1.02 on Friday, reaching $42.42. The company had a trading volume of 558,250 shares, compared to its average volume of 923,227. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $5.10 billion, a P/E ratio of -85.18 and a beta of 0.83. The stock has a 50-day moving average price of $41.46 and a 200 day moving average price of $41.63. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50.

Wall Street Analysts Forecast Growth

TENB has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Tenable in a report on Tuesday, October 29th. Barclays decreased their target price on Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Morgan Stanley reissued an "equal weight" rating and set a $47.00 price target (down from $50.00) on shares of Tenable in a report on Monday. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tenable currently has an average rating of "Moderate Buy" and a consensus target price of $50.63.

Insider Buying and Selling at Tenable

In related news, COO Mark C. Thurmond sold 2,209 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares of the company's stock, valued at $1,444,745.60. This trade represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares of the company's stock, 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 have sold a total of 20,654 shares of company stock worth $862,879 over the last 90 days. Insiders own 4.30% of the company's stock.

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.