Tenable Holdings, Inc. (NASDAQ:TENB) Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) by 13.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,971 shares of the company’s stock after buying an additional 2,689 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Tenable were worth $998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new stake in Tenable in the 1st quarter valued at about $25,000. Mirabella Financial Services LLP bought a new position in Tenable in the 1st quarter worth about $202,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Tenable in the first quarter valued at approximately $207,000. Keebeck Alpha LP bought a new stake in shares of Tenable during the first quarter valued at approximately $212,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Tenable during the first quarter worth approximately $215,000. Institutional investors and hedge funds own 87.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TENB. Truist Financial lowered their target price on Tenable from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, October 24th. Needham & Company LLC cut their price objective on shares of Tenable from $52.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Wedbush decreased their target price on shares of Tenable from $57.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Wolfe Research dropped their price target on shares of Tenable from $59.00 to $47.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Finally, TheStreet cut shares of Tenable from a “c-” rating to a “d+” rating in a report on Friday, September 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus price target of $51.60.

Tenable Stock Performance

Shares of NASDAQ TENB opened at $38.26 on Friday. The stock’s fifty day simple moving average is $35.92 and its 200 day simple moving average is $41.83. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -51.70 and a beta of 1.35. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.40. Tenable Holdings, Inc. has a 52-week low of $28.80 and a 52-week high of $63.61.

Insider Activity at Tenable

In related news, CFO Stephen A. Vintz sold 8,518 shares of Tenable stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $37.06, for a total value of $315,677.08. Following the transaction, the chief financial officer now owns 163,177 shares of the company’s stock, valued at approximately $6,047,339.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Stephen A. Vintz sold 8,518 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $37.06, for a total value of $315,677.08. Following the completion of the sale, the chief financial officer now owns 163,177 shares in the company, valued at approximately $6,047,339.62. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $671,193.32. Following the transaction, the director now owns 25,879 shares in the company, valued at $906,282.58. The disclosure for this sale can be found here. Insiders sold 52,608 shares of company stock worth $1,928,959 in the last quarter. 4.80% of the stock is owned by company insiders.

Tenable 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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