24,700 Shares of Tenable Holdings, Inc. $TENB Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund purchased a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,700 shares of the company’s stock, valued at approximately $899,000.

Several other large investors have also recently added to or reduced their stakes in TENB. BlackRock Inc. acquired a new stake in shares of Tenable in the 2nd quarter worth approximately $498,387,000. The Manufacturers Life Insurance Company bought a new position in Tenable during the second quarter valued at about $76,759,000. Arrowstreet Capital Limited Partnership grew its holdings in Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after acquiring an additional 2,375,587 shares during the period. Freestone Grove Partners LP bought a new stake in Tenable in the second quarter worth about $42,489,000. Finally, Bank of America Corp DE acquired a new stake in Tenable in the 2nd quarter valued at about $30,884,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tenable news, Director A. Brooke Seawell sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $50.33, for a total transaction of $754,950.00. Following the transaction, the director directly owned 115,292 shares in the company, valued at $5,802,646.36. This trade represents a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Barron Anschutz sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $51.00, for a total value of $510,000.00. Following the completion of the transaction, the chief accounting officer directly owned 66,077 shares in the company, valued at $3,369,927. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,390 shares of company stock valued at $1,314,446 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of research reports. Stifel Nicolaus raised their target price on shares of Tenable from $31.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, October 29th. Weiss Ratings raised Tenable from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. TD Cowen lifted their price target on Tenable from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Finally, Scotiabank reissued an “outperform” rating and issued a $60.00 target price on shares of Tenable in a research report on Thursday, October 29th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.25.

Tenable Stock Up 3.7%

Tenable stock opened at $43.67 on Tuesday. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $53.22. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 1.04. The firm has a market cap of $4.56 billion, a PE ratio of 102.91 and a beta of 0.89. The firm’s 50 day moving average price is $39.26 and its two-hundred day moving average price is $29.46.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The business had revenue of $276.39 million for the quarter, compared to the consensus estimate of $271.58 million. During the same period in the prior year, the business posted $0.42 earnings per share. Tenable’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts predict that Tenable Holdings, Inc. will post 0.58 EPS for the current fiscal year.

About Tenable

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and manage security risks across their technology environments. Its exposure management approach is designed to give customers visibility into vulnerabilities and other potential weaknesses across information technology, cloud, operational technology and identity systems.

The company’s offerings include Tenable One, its exposure management platform, and Nessus, its vulnerability assessment product.