Loomis Sayles & Co. L P Sells 19,876 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Loomis Sayles & Co. L P lessened its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 858,338 shares of the company’s stock after selling 19,876 shares during the quarter. Loomis Sayles & Co. L P owned 0.71% of Tenable worth $34,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in shares of 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 in the last quarter. Quadrature Capital Ltd bought a new position in Tenable during the first quarter valued at approximately $300,000. Price T Rowe Associates Inc. MD raised its stake in shares of Tenable by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company’s stock worth $44,426,000 after acquiring an additional 7,258 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Tenable in the 1st quarter worth approximately $1,310,000. Finally, Tidal Investments LLC boosted its stake in shares of Tenable by 157.8% in the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after purchasing an additional 14,244 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Insider Activity

In related news, CFO Stephen A. Vintz sold 2,801 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 $114,056.72. Following the completion of the sale, the chief financial officer now owns 281,536 shares in the company, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 2,209 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares in the company, valued at approximately $1,444,745.60. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,838 shares of company stock valued at $400,603 over the last three months. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

TENB has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Jefferies Financial Group began coverage on Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 target price for the company. 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. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Five 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.81.

Tenable Trading Up 0.7 %

NASDAQ:TENB opened at $42.74 on Tuesday. The company’s 50 day moving average price is $41.02 and its 200-day moving average price is $41.72. 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 52 week low of $35.25 and a 52 week high of $53.50. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of -83.22 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.