Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,912 shares of the company’s stock after buying an additional 4,182 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Tenable were worth $1,941,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TENB. Allspring Global Investments Holdings LLC raised its stake in Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC boosted its holdings in Tenable by 214.6% in the first quarter. SG Americas Securities LLC now owns 8,645 shares of the company’s stock worth $427,000 after purchasing an additional 5,897 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Tenable by 20.6% during the first quarter. Russell Investments Group Ltd. now owns 171,004 shares of the company’s stock valued at $8,453,000 after acquiring an additional 29,264 shares during the period. ProShare Advisors LLC boosted its holdings in Tenable by 10.1% during the first quarter. ProShare Advisors LLC now owns 21,283 shares of the company’s stock valued at $1,052,000 after acquiring an additional 1,961 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Tenable by 20.6% during the first 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 period. Institutional investors own 89.06% of the company’s stock.

Tenable Price Performance

Shares of TENB stock opened at $40.79 on Monday. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The stock has a market cap of $4.90 billion, a PE ratio of -79.98 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50 day moving average price is $40.81 and its two-hundred day moving average price is $41.88.

Insider Transactions at Tenable

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Scotiabank decreased their price target on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Morgan Stanley decreased their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Jefferies Financial Group started coverage on shares of Tenable in a research report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price objective for the company. Canaccord Genuity Group cut their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, 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 report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.