Pacer Advisors Inc. Acquires 657 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Pacer Advisors Inc. grew its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 30.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,823 shares of the company’s stock after acquiring an additional 657 shares during the period. Pacer Advisors Inc.’s holdings in Tenable were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TENB. Covestor Ltd increased its position in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Tenable by 5.7% during the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock valued at $332,000 after acquiring an additional 443 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Tenable by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after acquiring an additional 457 shares in the last quarter. Olympiad Research LP raised its stake in Tenable by 11.1% during the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after acquiring an additional 528 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Trading Down 0.6 %

TENB stock opened at $43.02 on Wednesday. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of -84.35 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm’s fifty day simple moving average is $41.43 and its two-hundred day simple moving average is $41.33.

Wall Street Analyst Weigh In

TENB has been the subject of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Jefferies Financial Group upped their price objective on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Monday, January 6th. Finally, Barclays dropped their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and an average target price of $50.25.

Insider Activity at Tenable

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the transaction, the director now owns 8,659 shares of the company’s stock, valued at $333,544.68. This represents a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,463 shares of company stock worth $894,042. Insiders own 4.30% of the company’s stock.

Tenable Company 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.