Harbor Capital Advisors Inc. Boosts Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Harbor Capital Advisors Inc. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 51.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,757 shares of the company’s stock after purchasing an additional 15,794 shares during the period. Harbor Capital Advisors Inc.’s holdings in Tenable were worth $1,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in Tenable in the 2nd quarter worth about $40,000. Fidelis Capital Partners LLC acquired a new stake in shares of Tenable in the first quarter worth approximately $58,000. Allspring Global Investments Holdings LLC increased its position in shares of Tenable by 9.2% during the first 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 in the last quarter. Truvestments Capital LLC acquired a new position in Tenable in the 1st quarter valued at $189,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Tenable in the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the business’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 $142,492.75. Following the sale, the chief financial officer now directly owns 278,493 shares in the company, valued at $11,627,082.75. This 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 at the SEC website. In related news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the sale, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,469 shares of company stock valued at $520,276. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TENB shares. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Barclays cut their price objective 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. Susquehanna lowered their target price on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Truist Financial restated a “buy” rating and issued a $55.00 price target (down from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Finally, Scotiabank lowered their price objective on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Five research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.81.

Tenable Stock Down 0.2 %

Shares of NASDAQ TENB opened at $38.71 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $40.65 and its two-hundred day moving average is $42.11. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -75.90 and a beta of 0.83.

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.