JPMorgan Chase & Co. Sells 61,183 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

JPMorgan Chase & Co. decreased its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,550 shares of the company’s stock after selling 61,183 shares during the period. JPMorgan Chase & Co. owned about 0.27% of Tenable worth $13,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of Tenable by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock valued at $18,984,000 after acquiring an additional 30,530 shares during the period. Tidal Investments LLC boosted its position in shares of Tenable by 19.4% in the third quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock worth $1,277,000 after purchasing an additional 5,116 shares during the period. Virtu Financial LLC purchased a new stake in shares of Tenable in the third quarter worth $282,000. Geode Capital Management LLC raised its position in shares of Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after purchasing an additional 33,303 shares during the period. Finally, Barclays PLC raised its position in shares of Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after purchasing an additional 177,048 shares during the period. Institutional investors own 89.06% of the company’s stock.

Tenable Stock Down 1.0 %

Shares of NASDAQ:TENB opened at $38.49 on Friday. The company has a 50-day moving average price of $41.15 and a 200 day moving average price of $41.47. The company has a current ratio of 1.28, a quick 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. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -75.47 and a beta of 0.85.

Insider Activity

In related news, COO Mark C. Thurmond sold 2,209 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the sale, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at $1,444,745.60. This represents a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amit Yoran sold 5,293 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,463 shares of company stock valued at $894,042 in the last ninety days. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Barclays cut their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Robert W. Baird lowered their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and an average price target of $50.63.

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.