Truvestments Capital LLC Invests $171,000 in Tenable Holdings, Inc. (NASDAQ:TENB)

Truvestments Capital LLC bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,223 shares of the company’s stock, valued at approximately $171,000.

Several other hedge funds have also bought and sold shares of the stock. Dynamic Technology Lab Private Ltd raised its position in shares of Tenable by 263.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,213 shares of the company’s stock valued at $1,062,000 after buying an additional 18,998 shares in the last quarter. Fisher Asset Management LLC increased its stake in Tenable by 17.6% in the third quarter. Fisher Asset Management LLC now owns 1,057,728 shares of the company’s stock valued at $42,859,000 after acquiring an additional 158,409 shares during the last quarter. Larson Financial Group LLC raised its position 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. Penserra Capital Management LLC lifted its stake in Tenable by 0.6% during the third quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company’s stock worth $46,025,000 after purchasing an additional 7,301 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Tenable by 92.4% in the 3rd quarter. Citigroup Inc. now owns 146,365 shares of the company’s stock worth $5,931,000 after purchasing an additional 70,307 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insider Transactions at Tenable

In other news, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares of the company’s stock, valued at $1,839,363.12. The trade was a 9.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 3,180 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $135,913.20. Following the sale, the chief financial officer now directly owns 285,045 shares in the company, valued at $12,182,823.30. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,654 shares of company stock valued at $862,879 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TENB. Canaccord Genuity Group dropped their target price on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Scotiabank decreased their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Susquehanna cut their price target on shares of Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research report on Thursday, August 1st. Finally, Barclays reduced their price objective on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Five 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.81.

Tenable Trading Up 0.6 %

NASDAQ:TENB opened at $43.01 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50. The company’s 50-day simple moving average is $41.07 and its 200 day simple moving average is $41.70.

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.