Virtu Financial LLC Makes New $282,000 Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Virtu Financial LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,955 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds have also made changes to their positions in TENB. Readystate Asset Management LP bought a new stake in Tenable in the third quarter valued at about $24,660,000. Mackenzie Financial Corp increased its holdings in shares of Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after acquiring an additional 471,126 shares during the last quarter. FMR LLC raised its position in shares of Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after acquiring an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Tenable by 28.0% during the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after purchasing an additional 201,366 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Tenable in the second quarter worth $7,740,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 2,801 shares of the business’s 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 sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amit Yoran sold 5,293 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the transaction, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by corporate insiders.

Tenable Price Performance

Shares of NASDAQ TENB opened at $41.55 on Wednesday. The firm’s 50-day simple moving average is $41.74 and its 200 day simple moving average is $41.57. The stock has a market cap of $4.99 billion, a P/E ratio of -81.47 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. Piper Sandler cut their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Barclays lowered their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Finally, Jefferies Financial Group assumed coverage on Tenable in a report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target on the stock. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.63.

Tenable 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.