Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC decreased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,218 shares of the company’s stock after selling 333 shares during the period. Janney Capital Management LLC’s holdings in Tenable were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC grew its position in shares of Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after purchasing an additional 305,334 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares in the last quarter. State Street Corp grew its holdings in Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after buying an additional 73,293 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Tenable by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after acquiring an additional 33,303 shares during the last quarter. Finally, Penserra Capital Management LLC raised 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. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 2,343 shares of the business’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 approximately $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares in the company, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,463 shares of company stock worth $894,042 in the last ninety days. 4.30% of the stock is owned by corporate insiders.

Tenable Trading Up 2.9 %

NASDAQ TENB opened at $42.26 on Thursday. 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 50 day simple moving average of $41.08 and a 200-day simple moving average of $41.35. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TENB. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $45.00 in a report on Friday, January 17th. Piper Sandler dropped their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Scotiabank lifted their price target on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday. Jefferies Financial Group increased their price objective on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, 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. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.25.

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.