Barclays PLC Boosts Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Posted by on Aug 6th, 2023

Barclays PLC lifted its stake in Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 72.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,684 shares of the company’s stock after purchasing an additional 197,862 shares during the quarter. Barclays PLC owned 0.42% of Tenable worth $22,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Summit Trail Advisors LLC raised its position in Tenable by 16.4% in the 1st quarter. Summit Trail Advisors LLC now owns 79,142 shares of the company’s stock worth $3,760,000 after buying an additional 11,138 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its position in Tenable by 189.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 521,570 shares of the company’s stock worth $24,780,000 after buying an additional 341,374 shares during the last quarter. Emerald Advisers LLC raised its position in Tenable by 161.8% in the 1st quarter. Emerald Advisers LLC now owns 638,763 shares of the company’s stock worth $30,348,000 after buying an additional 394,812 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Tenable by 31.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 18,680 shares of the company’s stock worth $887,000 after buying an additional 4,505 shares during the last quarter. Finally, Hunter Associates Investment Management LLC purchased a new position in Tenable in the 1st quarter worth about $213,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TENB shares. UBS Group started coverage on Tenable in a research report on Thursday, July 6th. They issued a “buy” rating and a $52.00 target price for the company. Wells Fargo & Company boosted their price target on Tenable from $52.00 to $60.00 in a research note on Wednesday, July 26th. TheStreet upgraded Tenable from a “d+” rating to a “c-” rating in a research note on Thursday. Stifel Nicolaus cut their price target on Tenable from $53.00 to $47.00 in a research note on Tuesday, April 25th. Finally, Morgan Stanley cut their price target on Tenable from $48.00 to $44.00 in a research note on Tuesday, April 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.42.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 6,489 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $40.31, for a total value of $261,571.59. Following the completion of the transaction, the chief executive officer now directly owns 218,191 shares in the company, valued at approximately $8,795,279.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tenable news, CEO Amit Yoran sold 6,489 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $40.31, for a total value of $261,571.59. Following the completion of the transaction, the chief executive officer now directly owns 218,191 shares in the company, valued at approximately $8,795,279.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 4,173 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $40.31, for a total value of $168,213.63. Following the completion of the transaction, the chief financial officer now owns 201,420 shares of the company’s stock, valued at $8,119,240.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,780 shares of company stock worth $2,948,038. 4.50% of the stock is owned by company insiders.

Tenable Trading Down 1.6 %

Shares of NASDAQ:TENB opened at $46.78 on Friday. The stock has a 50 day moving average of $42.82 and a 200 day moving average of $42.50. The company has a market cap of $5.41 billion, a PE ratio of -64.97 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.52 and a debt-to-equity ratio of 1.15. Tenable Holdings, Inc. has a 12-month low of $28.80 and a 12-month high of $49.77.

Tenable Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenable Holdings, Inc. (NASDAQ:TENB – Free Report).

Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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