Stifel Financial Corp Lowers Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Stifel Financial Corp reduced its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 27.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,805 shares of the company’s stock after selling 21,776 shares during the period. Stifel Financial Corp’s holdings in Tenable were worth $2,342,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TENB. Fiera Capital Corp acquired a new position in shares of Tenable in the 3rd quarter worth approximately $2,494,000. Centiva Capital LP acquired a new position in Tenable during the third quarter worth $608,000. Readystate Asset Management LP purchased a new position in shares of Tenable during the third quarter worth $24,660,000. Panagora Asset Management Inc. grew its stake in shares of 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 buying an additional 34,254 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Tenable by 51.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company’s stock valued at $1,895,000 after buying an additional 15,794 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TENB. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Piper Sandler decreased their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group began coverage on shares of Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target for the company. Finally, Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.63.

Insiders Place Their Bets

In related news, COO Mark C. Thurmond sold 2,343 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $100,139.82. Following the sale, the chief operating officer now owns 37,188 shares of the company’s stock, valued at approximately $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Yoran sold 4,828 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 transaction of $196,596.16. Following the sale, the chief executive officer now owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by insiders.

Tenable Price Performance

Tenable stock opened at $40.00 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50 day simple moving average of $41.75 and a 200-day simple moving average of $41.57. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The stock has a market capitalization of $4.81 billion, a PE ratio of -78.43 and a beta of 0.83.

Tenable 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 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.