Tenable Holdings, Inc. (NASDAQ:TENB) Stake Reduced by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC trimmed its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 4.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,739 shares of the company’s stock after selling 286 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Tenable were worth $265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Tenable by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 68,192 shares of the company’s stock valued at $2,972,000 after purchasing an additional 858 shares during the period. Sei Investments Co. raised its holdings in shares of Tenable by 45.0% during the second quarter. Sei Investments Co. now owns 25,408 shares of the company’s stock valued at $1,107,000 after buying an additional 7,884 shares during the last quarter. Creative Planning boosted its position in shares of Tenable by 12.1% during the second quarter. Creative Planning now owns 9,541 shares of the company’s stock worth $416,000 after buying an additional 1,031 shares during the period. Sanctuary Advisors LLC bought a new position in Tenable in the 2nd quarter worth approximately $2,144,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Tenable in the 2nd quarter valued at approximately $1,090,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Activity

In related news, CFO Stephen A. Vintz sold 2,801 shares of the company’s stock in a transaction 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 directly owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,463 shares of company stock worth $894,042 over the last 90 days. 4.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler reduced their price target on 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 reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Morgan Stanley reissued an “equal weight” rating and set a $47.00 target price (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Robert W. Baird reduced their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Barclays lowered their price objective on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and a consensus price target of $50.25.

Tenable Price Performance

NASDAQ TENB opened at $43.02 on Wednesday. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The stock’s 50-day moving average price is $41.43 and its two-hundred day moving average price is $41.33. The company has a market cap of $5.17 billion, a PE ratio of -84.35 and a beta of 0.87. 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 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.