Alpha Paradigm Partners LLC lifted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,048 shares of the company’s stock after purchasing an additional 1,101 shares during the period. Alpha Paradigm Partners LLC’s holdings in Tenable were worth $350,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP grew its stake in Tenable by 9.9% in the 3rd quarter. Quantbot Technologies LP now owns 16,907 shares of the company’s stock valued at $588,000 after buying an additional 1,528 shares during the last quarter. Dupont Capital Management Corp grew its stake in Tenable by 128.4% in the 3rd quarter. Dupont Capital Management Corp now owns 11,663 shares of the company’s stock valued at $406,000 after buying an additional 6,557 shares during the last quarter. Principal Financial Group Inc. grew its stake in Tenable by 3.1% in the 2nd quarter. Principal Financial Group Inc. now owns 626,509 shares of the company’s stock valued at $28,450,000 after buying an additional 18,901 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Tenable by 34.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 714,700 shares of the company’s stock valued at $24,872,000 after buying an additional 181,362 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC acquired a new position in Tenable in the 2nd quarter valued at about $319,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.
Tenable Stock Performance
Shares of Tenable stock opened at $44.60 on Wednesday. The company has a 50 day moving average of $41.79 and a 200-day moving average of $38.71. Tenable Holdings, Inc. has a 1-year low of $28.80 and a 1-year high of $63.61. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.34.
Insider Buying and Selling
In related news, Director George Alex Tosheff sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $42.48, for a total transaction of $254,880.00. Following the completion of the transaction, the director now directly owns 5,613 shares in the company, valued at approximately $238,440.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director George Alex Tosheff sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $42.48, for a total transaction of $254,880.00. Following the completion of the transaction, the director now directly owns 5,613 shares in the company, valued at approximately $238,440.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mark C. Thurmond sold 2,472 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $44.02, for a total transaction of $108,817.44. Following the transaction, the chief operating officer now owns 28,316 shares of the company’s stock, valued at $1,246,470.32. The disclosure for this sale can be found here. Insiders sold a total of 58,256 shares of company stock worth $2,521,958 in the last three months. 4.80% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Piper Sandler upped their price target on shares of Tenable from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. DA Davidson boosted their price objective on shares of Tenable from $47.00 to $54.00 in a report on Wednesday, February 8th. Wells Fargo & Company boosted their price objective on shares of Tenable from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Needham & Company LLC boosted their price objective on shares of Tenable from $48.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, Barclays boosted their price objective on shares of Tenable from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.31.
Tenable Company Profile
Tenable Holdings, Inc engages in the development of security software solutions. It offers Cyber Exposure which is a discipline for managing and measuring cybersecurity risk in the digital era. Its products include tenable.io, tenable.sc, tenable.ot, and nessus professional. The firm delivers solutions in the field of application security, cloud security, compliance, energy, finance, healthcare, and retail.
Read More
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