Canada Pension Plan Investment Board Sells 30,200 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Canada Pension Plan Investment Board cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 60.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,400 shares of the company’s stock after selling 30,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Tenable were worth $845,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust purchased a new stake in Tenable during the 1st quarter valued at $25,000. Captrust Financial Advisors raised its stake in Tenable by 81.0% during the 2nd quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock valued at $36,000 after buying an additional 354 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Tenable in the 2nd quarter worth $37,000. Clearstead Advisors LLC purchased a new stake in shares of Tenable in the 1st quarter worth $55,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Tenable in the 1st quarter worth $94,000. 88.13% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Stock Up 0.2 %

Shares of NASDAQ:TENB opened at $39.54 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.05. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $49.77. The company has a 50-day moving average price of $42.52 and a 200 day moving average price of $42.57. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -58.15 and a beta of 1.15.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Tenable from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $51.00 to $56.00 in a research note on Monday, September 11th. Needham & Company LLC cut their price target on Tenable from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Barclays cut their price target on Tenable from $47.00 to $41.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Canaccord Genuity Group increased their price target on Tenable from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Finally, Wedbush cut their price target on Tenable from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.38.

Insider Activity at Tenable

In related news, CFO Stephen A. Vintz sold 3,525 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $43.42, for a total value of $153,055.50. Following the completion of the transaction, the chief financial officer now owns 217,717 shares of the company’s stock, valued at approximately $9,453,272.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Stephen A. Vintz sold 3,525 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $43.42, for a total value of $153,055.50. Following the completion of the transaction, the chief financial officer now owns 217,717 shares of the company’s stock, valued at approximately $9,453,272.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 1,444 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $37.20, for a total transaction of $53,716.80. Following the completion of the sale, the director now directly owns 2,602 shares of the company’s stock, valued at approximately $96,794.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,783 shares of company stock valued at $1,761,468. Insiders own 4.50% of the company’s stock.

Tenable Company 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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.