28,357 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Purchased by Clearline Capital LP

Clearline Capital LP bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,357 shares of the company’s stock, valued at approximately $1,149,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Tenable by 2.0% during 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. Mackenzie Financial Corp boosted its stake in Tenable by 12.7% during the second 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 in the last quarter. RGM Capital LLC increased its holdings in Tenable by 4.5% in the 2nd quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock valued at $154,240,000 after buying an additional 153,127 shares during the period. American Century Companies Inc. raised its stake in shares of Tenable by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 1,372,854 shares of the company’s stock valued at $59,829,000 after buying an additional 84,616 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Tenable by 0.6% during the 3rd quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company’s stock worth $46,025,000 after acquiring an additional 7,301 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TENB shares. Jefferies Financial Group initiated coverage on Tenable in a report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Tenable in a research report on Tuesday, October 29th. Barclays lowered their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Piper Sandler lowered their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.63.

Insider Buying and Selling

In related news, CFO Stephen A. Vintz sold 3,180 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $135,913.20. Following the completion of the transaction, the chief financial officer now directly owns 285,045 shares of the company’s stock, valued at approximately $12,182,823.30. This represents a 1.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $100,139.82. Following the completion of the sale, the chief operating officer now directly owns 37,188 shares in the company, valued at $1,589,415.12. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,654 shares of company stock valued at $862,879. 4.30% of the stock is owned by corporate insiders.

Tenable Trading Up 0.2 %

NASDAQ TENB opened at $41.98 on Monday. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $5.04 billion, a P/E ratio of -82.31 and a beta of 0.83. The stock’s 50-day moving average is $41.24 and its 200-day moving average is $41.63.

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.