Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,165 shares of the company’s stock after selling 1,007 shares during the period. Pitcairn Co.’s holdings in Tenable were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Mackenzie Financial Corp increased its holdings in Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after purchasing an additional 471,126 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Tenable by 37.7% during the second quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock worth $31,335,000 after buying an additional 196,810 shares during the period. Renaissance Technologies LLC acquired a new stake in Tenable in the second quarter valued at approximately $7,740,000. RGM Capital LLC lifted its stake in Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after acquiring an additional 153,127 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new position in Tenable during the 3rd quarter worth approximately $4,812,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Up 0.6 %

TENB opened at $43.01 on Wednesday. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50. The business has a 50 day moving average price of $41.07 and a two-hundred day moving average price of $41.70. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a market cap of $5.17 billion, a PE ratio of -83.80 and a beta of 0.83.

Insider Activity

In other news, CFO Stephen A. Vintz sold 2,801 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 $114,056.72. Following the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at $11,464,145.92. The trade was a 0.99 % 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, COO Mark C. Thurmond sold 2,343 shares of the 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 transaction, the chief operating officer now directly owns 37,188 shares of the company’s stock, valued at $1,589,415.12. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,654 shares of company stock valued at $862,879. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus decreased their price target on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Scotiabank dropped their price objective on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Morgan Stanley decreased their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group dropped their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.