Dynamic Technology Lab Private Ltd Acquires 18,998 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Dynamic Technology Lab Private Ltd increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 263.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,213 shares of the company’s stock after purchasing an additional 18,998 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Tenable were worth $1,062,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after buying an additional 276 shares during the last quarter. Covestor Ltd boosted its holdings in Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares during the period. Xponance Inc. grew its position in shares of Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock valued at $324,000 after purchasing an additional 389 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after purchasing an additional 443 shares during the period. Finally, Olympiad Research LP lifted its position in shares of Tenable by 11.1% during the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after purchasing an additional 528 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tenable

In other news, CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the sale, the chief executive officer now directly owns 45,171 shares in the company, valued at approximately $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,654 shares of company stock valued at $862,879 in the last ninety days. Insiders own 4.30% of the company’s stock.

Tenable Price Performance

Shares of NASDAQ TENB opened at $43.01 on Wednesday. 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 business has a fifty day moving average of $41.07 and a two-hundred day moving average of $41.70. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50.

Analysts Set New Price Targets

TENB has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Tuesday, October 29th. Stifel Nicolaus dropped their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Piper Sandler cut their target price 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. Wells Fargo & Company decreased their price target on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.81.

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.