Tidal Investments LLC Has $1.28 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Tidal Investments LLC lifted its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 19.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,518 shares of the company’s stock after purchasing an additional 5,116 shares during the period. Tidal Investments LLC’s holdings in Tenable were worth $1,277,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of Tenable in the 3rd quarter valued at $282,000. Geode Capital Management LLC boosted its holdings in Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after acquiring an additional 33,303 shares during the last quarter. Barclays PLC increased its position in Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after purchasing an additional 177,048 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Tenable by 25.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 22,894 shares of the company’s stock worth $928,000 after purchasing an additional 4,574 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new position in Tenable during the 3rd quarter valued at about $206,000. Institutional investors own 89.06% of the company’s stock.

Analyst Ratings Changes

TENB has been the subject of several analyst reports. Piper Sandler lowered their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” 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 report on Thursday, October 31st. Jefferies Financial Group assumed coverage on Tenable in a research report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target on the stock. 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. Finally, Robert W. Baird cut their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six 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 stock. According to MarketBeat, Tenable has an average rating of “Moderate Buy” and an average price target of $50.63.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 2,343 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the completion of the transaction, the chief operating officer now directly owns 37,188 shares of the company’s stock, valued at $1,589,415.12. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amit Yoran sold 5,293 shares of Tenable stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares in the company, valued at approximately $2,209,273.34. This represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,654 shares of company stock worth $862,879. Corporate insiders own 4.30% of the company’s stock.

Tenable Trading Down 3.7 %

Shares of NASDAQ:TENB opened at $40.00 on Thursday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -78.43 and a beta of 0.83. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The company’s fifty day simple moving average is $41.75 and its 200 day simple moving average is $41.57. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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.