Geode Capital Management LLC Buys 33,303 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Geode Capital Management LLC grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 1.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,794,485 shares of the company’s stock after buying an additional 33,303 shares during the period. Geode Capital Management LLC owned approximately 2.33% of Tenable worth $113,255,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TENB. Bank of New York Mellon Corp raised its holdings in Tenable by 11.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock valued at $37,833,000 after acquiring an additional 89,677 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Tenable in the second quarter worth $1,769,000. Panagora Asset Management Inc. lifted its position in Tenable by 10.1% in the second quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock worth $16,277,000 after purchasing an additional 34,254 shares during the period. 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 in the last quarter. Finally, Rhumbline Advisers increased its holdings in Tenable by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 170,621 shares of the company’s stock valued at $7,436,000 after buying an additional 9,239 shares during the period. Institutional investors own 89.06% of the company’s stock.

Insider Transactions at Tenable

In other news, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the transaction, the chief executive officer now owns 45,171 shares of the company’s stock, valued at $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen A. Vintz sold 2,801 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 $114,056.72. Following the completion of the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,654 shares of company stock worth $862,879. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TENB shares. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Tuesday, October 29th. Piper Sandler dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Finally, Robert W. Baird dropped their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Six research 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.63.

Tenable Stock Down 2.3 %

Shares of NASDAQ:TENB opened at $41.55 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.99 billion, a P/E ratio of -81.47 and a beta of 0.83. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The company’s 50-day moving average price is $41.74 and its two-hundred day moving average price is $41.57.

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.