Olympiad Research LP Raises Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Olympiad Research LP grew its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 11.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,287 shares of the company’s stock after acquiring an additional 528 shares during the quarter. Olympiad Research LP’s holdings in Tenable were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TENB. Principal Financial Group Inc. boosted its stake in Tenable by 1.8% during the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock worth $694,000 after buying an additional 276 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after purchasing an additional 312 shares during the period. Xponance Inc. grew its holdings in Tenable by 5.5% during the 2nd quarter. Xponance Inc. now owns 7,441 shares of the company’s stock valued at $324,000 after purchasing an additional 389 shares during the last quarter. Fulton Bank N.A. grew its holdings in Tenable by 5.7% during the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock valued at $332,000 after purchasing an additional 443 shares during the last quarter. Finally, American International Group Inc. raised its position in Tenable by 1.0% in the 1st quarter. American International Group Inc. now owns 57,385 shares of the company’s stock worth $2,837,000 after purchasing an additional 592 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $41.81 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -81.98 and a beta of 0.83. The firm has a 50 day moving average of $40.66 and a 200 day moving average of $42.05. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial reaffirmed a “buy” rating and set a $55.00 target price (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Robert W. Baird reduced their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Westpark Capital reissued a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. DA Davidson downgraded shares of Tenable from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Finally, Canaccord Genuity Group lowered their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.81.

Insider Transactions at Tenable

In related news, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $142,492.75. Following the sale, the chief financial officer now owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the completion of the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at approximately $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the transaction, the chief executive officer now directly owns 39,309 shares in the company, valued at approximately $1,641,150.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,469 shares of company stock valued at $520,276. Corporate insiders own 4.30% of the company’s stock.

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.