Thrivent Financial for Lutherans Buys 8,821 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Thrivent Financial for Lutherans grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 34.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,673 shares of the company’s stock after acquiring an additional 8,821 shares during the period. Thrivent Financial for Lutherans’ holdings in Tenable were worth $1,405,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Tidal Investments LLC increased its position in Tenable by 157.8% during the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after purchasing an additional 14,244 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Tenable by 314.7% during the second quarter. Harbor Capital Advisors Inc. now owns 30,963 shares of the company’s stock worth $1,349,000 after buying an additional 23,497 shares during the period. Diversified Trust Co boosted its position in Tenable by 35.7% during the 2nd quarter. Diversified Trust Co now owns 17,318 shares of the company’s stock valued at $755,000 after acquiring an additional 4,552 shares in the last quarter. Vanderbilt University raised its position in shares of Tenable by 31.4% in the 2nd quarter. Vanderbilt University now owns 129,576 shares of the company’s stock worth $5,647,000 after acquiring an additional 30,962 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Tenable by 11.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock worth $37,833,000 after purchasing an additional 89,677 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird reduced their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Jefferies Financial Group initiated coverage on shares of Tenable in a research note on Wednesday, October 16th. They set a “hold” rating and a $45.00 price objective for the company. Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Barclays reduced their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Finally, Morgan Stanley lowered their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and an average price target of $50.81.

Tenable Stock Performance

Shares of TENB stock opened at $41.98 on Friday. The stock has a market cap of $5.04 billion, a PE ratio of -82.31 and a beta of 0.83. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The business has a 50-day simple moving average of $41.24 and a 200-day simple moving average of $41.65. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the transaction, the chief financial officer now owns 281,536 shares in the company, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The sale 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 business’s 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 $89,950.48. Following the completion of the sale, the chief operating officer now owns 35,480 shares of the company’s stock, valued at $1,444,745.60. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by company insiders.

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.