R Squared Ltd Takes Position in Tenable Holdings, Inc. (NASDAQ:TENB)

R Squared Ltd acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,210 shares of the company’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TENB. Dimensional Fund Advisors LP grew its holdings in Tenable by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 68,192 shares of the company’s stock valued at $2,972,000 after purchasing an additional 858 shares during the last quarter. Sei Investments Co. increased its holdings in Tenable by 45.0% during the 2nd quarter. Sei Investments Co. now owns 25,408 shares of the company’s stock valued at $1,107,000 after acquiring an additional 7,884 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tenable in the second quarter valued at about $200,000. Creative Planning lifted its holdings in shares of Tenable by 12.1% in the second quarter. Creative Planning now owns 9,541 shares of the company’s stock valued at $416,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Dana Investment Advisors Inc. grew its position in shares of Tenable by 7.9% in the second quarter. Dana Investment Advisors Inc. now owns 40,131 shares of the company’s stock valued at $1,749,000 after purchasing an additional 2,931 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 2,343 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $100,139.82. Following the completion of the transaction, the chief operating officer now owns 37,188 shares of the company’s stock, valued at approximately $1,589,415.12. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Amit Yoran sold 5,293 shares of Tenable stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the sale, the chief executive officer now owns 51,691 shares in the company, valued at approximately $2,209,273.34. This represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,463 shares of company stock valued at $894,042 in the last quarter. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TENB. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $45.00 in a report on Friday, January 17th. Barclays decreased their price objective on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Monday, January 6th. Scotiabank raised their price target on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tenable presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.25.

Tenable Stock Down 0.6 %

NASDAQ TENB opened at $43.22 on Friday. 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 fifty-two week low of $35.25 and a fifty-two week high of $53.50. The business has a 50 day moving average price of $41.40 and a two-hundred day moving average price of $41.41. The stock has a market cap of $5.19 billion, a PE ratio of -84.75 and a beta of 0.85.

About Tenable

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.