Blair William & Co. IL Trims Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Blair William & Co. IL reduced its position in Tenable Holdings, Inc. (NASDAQ:TENBFree Report) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,854 shares of the company’s stock after selling 8,632 shares during the period. Blair William & Co. IL’s holdings in Tenable were worth $13,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Tenable during the fourth quarter worth about $42,934,000. Price T Rowe Associates Inc. MD lifted its position in shares of Tenable by 1,772.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 637,287 shares of the company’s stock worth $28,939,000 after purchasing an additional 603,250 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Tenable by 6.4% during the first quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company’s stock worth $572,138,000 after purchasing an additional 595,338 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Tenable by 45.2% during the second quarter. ArrowMark Colorado Holdings LLC now owns 1,576,667 shares of the company’s stock worth $68,664,000 after purchasing an additional 490,704 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Tenable during the first quarter worth about $27,346,000. 88.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TENB. Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $46.00 to $60.00 in a research note on Tuesday, January 9th. Wells Fargo & Company raised their price target on shares of Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday, January 12th. Piper Sandler dropped their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Finally, Needham & Company LLC raised their price target on shares of Tenable from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.63.

Check Out Our Latest Research Report on Tenable

Tenable Trading Up 2.3 %

Tenable stock opened at $51.89 on Monday. The company has a 50 day moving average price of $45.78 and a 200 day moving average price of $44.26. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of -76.31 and a beta of 0.96.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the transaction, the director now owns 2 shares of the company’s stock, valued at approximately $101.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of Tenable stock in a transaction on Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the sale, the director now owns 2 shares of the company’s stock, valued at approximately $101.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Yoran sold 33,201 shares of Tenable stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the sale, the chief executive officer now directly owns 291,532 shares of the company’s stock, valued at approximately $13,964,382.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,433 shares of company stock valued at $3,037,182. Company insiders own 4.50% of the company’s stock.

Tenable Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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