Oppenheimer Asset Management Inc. Acquires 5,883 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Oppenheimer Asset Management Inc. raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 59.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,754 shares of the company’s stock after acquiring an additional 5,883 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Tenable were worth $638,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Tenable by 20.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,482 shares of the company’s stock valued at $568,000 after acquiring an additional 1,958 shares during the last quarter. Vanguard Group Inc. raised its position in Tenable by 0.3% in the first quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock valued at $620,018,000 after purchasing an additional 32,535 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Tenable by 815.9% during the first quarter. Acadian Asset Management LLC now owns 21,799 shares of the company’s stock valued at $1,076,000 after purchasing an additional 19,419 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Tenable by 57.1% during the first quarter. Edgestream Partners L.P. now owns 22,882 shares of the company’s stock worth $1,131,000 after purchasing an additional 8,319 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Tenable by 60.2% during the first quarter. Bessemer Group Inc. now owns 21,060 shares of the company’s stock worth $1,041,000 after purchasing an additional 7,910 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TENB shares. Wells Fargo & Company cut their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. DA Davidson lowered Tenable from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $56.00 to $40.00 in a research report on Thursday, August 1st. Scotiabank reduced their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Finally, Truist Financial reissued a “buy” rating and issued a $55.00 price target (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and an average target price of $50.81.

Insiders Place Their Bets

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the transaction, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the sale, the chief executive officer now owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,469 shares of company stock worth $520,276. 4.30% of the stock is currently owned by company insiders.

Tenable Stock Performance

NASDAQ:TENB opened at $40.79 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. The company has a fifty day moving average of $40.84 and a 200-day moving average of $41.83. The firm has a market capitalization of $4.90 billion, a P/E ratio of -79.98 and a beta of 0.83.

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.