Lazard Asset Management LLC Has $233,000 Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Lazard Asset Management LLC lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) by 67.2% in the second quarter, Holdings Channel reports. The institutional investor owned 5,152 shares of the company’s stock after selling 10,567 shares during the period. Lazard Asset Management LLC’s holdings in Tenable were worth $233,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust acquired a new stake in shares of Tenable during the first quarter worth $25,000. Mirabella Financial Services LLP acquired a new position in Tenable in the first quarter valued at about $202,000. Raymond James Financial Services Advisors Inc. acquired a new position in Tenable in the first quarter valued at about $207,000. Keebeck Alpha LP acquired a new position in Tenable in the first quarter valued at about $212,000. Finally, Meeder Asset Management Inc. acquired a new position in Tenable in the first quarter valued at about $215,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Tenable Stock Performance

NASDAQ:TENB opened at $38.90 on Monday. The stock has a market cap of $4.38 billion, a P/E ratio of -52.57 and a beta of 1.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.40. The stock’s 50-day moving average is $36.13 and its 200-day moving average is $42.06. Tenable Holdings, Inc. has a 1-year low of $28.80 and a 1-year high of $63.61.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays dropped their price target on Tenable from $45.00 to $41.00 in a research note on Tuesday, October 11th. Morgan Stanley dropped their price target on Tenable from $53.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. TheStreet downgraded Tenable from a “c-” rating to a “d+” rating in a research note on Friday, September 16th. BTIG Research downgraded Tenable from a “buy” rating to a “neutral” rating in a research note on Monday, October 10th. Finally, Wedbush decreased their target price on Tenable from $57.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and an average target price of $51.60.

Insider Transactions at Tenable

In other news, General Counsel Stephen A. Riddick sold 1,589 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $41.72, for a total transaction of $66,293.08. Following the sale, the general counsel now directly owns 42,199 shares in the company, valued at $1,760,542.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Stephen A. Riddick sold 1,589 shares of Tenable stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $41.72, for a total value of $66,293.08. Following the transaction, the general counsel now directly owns 42,199 shares of the company’s stock, valued at $1,760,542.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Arthur W. Coviello, Jr. sold 19,166 shares of Tenable stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $35.02, for a total value of $671,193.32. Following the completion of the transaction, the director now directly owns 25,879 shares in the company, valued at $906,282.58. The disclosure for this sale can be found here. Company insiders own 4.80% of the company’s stock.

Tenable Company Profile

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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 application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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