Claro Advisors LLC Has $203,000 Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Claro Advisors LLC cut its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the company’s stock after selling 1,250 shares during the period. Claro Advisors LLC’s holdings in Tenable were worth $203,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position 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 purchasing an additional 276 shares during the period. Covestor Ltd lifted its stake in shares of Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. Xponance Inc. lifted its stake in shares of Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after buying an additional 389 shares during the last quarter. Fulton Bank N.A. grew its stake in Tenable by 5.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock valued at $332,000 after buying an additional 443 shares during the last quarter. Finally, Olympiad Research LP raised its holdings in Tenable by 11.1% in the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after acquiring an additional 528 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Trading Up 0.1 %

Shares of TENB opened at $40.79 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.90 billion, a PE ratio of -79.98 and a beta of 0.83. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The stock has a 50 day simple moving average of $40.84 and a 200-day simple moving average of $41.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TENB shares. Barclays decreased their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Robert W. Baird dropped their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus reduced their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Piper Sandler dropped their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the sale, the chief executive officer now directly owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the transaction, the chief operating officer now owns 34,079 shares of the company’s stock, valued at $1,419,731.14. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,469 shares of company stock worth $520,276 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

Tenable Company 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.