Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 976,295 shares of the company’s stock after selling 32,766 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of Tenable worth $39,559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TENB. Tidal Investments LLC lifted its holdings in shares of Tenable by 157.8% in the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after buying an additional 14,244 shares during the period. Fiera Capital Corp purchased a new position in Tenable in the third quarter worth $2,494,000. Panagora Asset Management Inc. lifted its holdings in Tenable by 10.1% in the second quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock valued at $16,277,000 after acquiring an additional 34,254 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Tenable by 51.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company’s stock worth $1,895,000 after purchasing an additional 15,794 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its stake in shares of Tenable by 116.3% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 24,595 shares of the company’s stock worth $1,072,000 after purchasing an additional 13,222 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TENB shares. Westpark Capital reissued a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Tuesday, October 29th. Jefferies Financial Group began coverage on shares of Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 target price for the company. Finally, Barclays reduced their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.63.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $42.06 on Tuesday. The company has a market cap of $5.05 billion, a P/E ratio of -82.47 and a beta of 0.83. The company’s fifty day moving average is $41.28 and its two-hundred day moving average is $41.62. 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 12-month low of $35.25 and a 12-month high of $53.50.

Insider Buying and Selling at Tenable

In other news, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the transaction, the chief financial officer now owns 281,536 shares of the company’s stock, valued at $11,464,145.92. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 2,209 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $89,950.48. Following the sale, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at approximately $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,654 shares of company stock valued at $862,879 in the last quarter. Company insiders own 4.30% of the company’s stock.

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.