Walleye Capital LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 48,087 shares of the company’s stock, valued at approximately $1,894,000.
Several other institutional investors have also recently made changes to their positions in TENB. Barclays PLC raised its stake in shares of Tenable by 5.3% during the 4th quarter. Barclays PLC now owns 770,138 shares of the company’s stock valued at $30,327,000 after purchasing an additional 38,512 shares during the period. Summit Investment Advisors Inc. grew its holdings in Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company’s stock valued at $486,000 after buying an additional 390 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tenable during the fourth quarter valued at about $2,687,000. Renaissance Group LLC lifted its holdings in shares of Tenable by 10.9% in the fourth quarter. Renaissance Group LLC now owns 72,508 shares of the company’s stock worth $2,852,000 after buying an additional 7,105 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Tenable by 2.2% in the fourth quarter. Legal & General Group Plc now owns 421,517 shares of the company’s stock valued at $16,599,000 after acquiring an additional 9,275 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.
Tenable Stock Down 1.7 %
Shares of NASDAQ:TENB opened at $31.44 on Friday. Tenable Holdings, Inc. has a 12-month low of $30.50 and a 12-month high of $49.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock’s 50-day moving average price is $35.93 and its 200-day moving average price is $39.50. The stock has a market capitalization of $3.78 billion, a P/E ratio of -104.80 and a beta of 0.88.
Insider Buying and Selling
In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 over the last three months. 4.30% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of Tenable in a research report on Monday, March 31st. They set an “overweight” rating and a $50.00 price target for the company. Scotiabank upped their target price on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and dropped their price target for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Barclays decreased their price objective on shares of Tenable from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley cut their price target on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable has an average rating of “Moderate Buy” and a consensus target price of $46.71.
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.
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