Mutual of America Capital Management LLC Increases Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Mutual of America Capital Management LLC boosted its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,167 shares of the company’s stock after purchasing an additional 7,713 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tenable were worth $3,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Tenable by 20.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,482 shares of the company’s stock valued at $568,000 after buying an additional 1,958 shares during the period. Vanguard Group Inc. boosted its position in shares of Tenable by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock valued at $620,018,000 after acquiring an additional 32,535 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Tenable by 815.9% during the first quarter. Acadian Asset Management LLC now owns 21,799 shares of the company’s stock worth $1,076,000 after purchasing an additional 19,419 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Tenable by 60.2% in the first quarter. Bessemer Group Inc. now owns 21,060 shares of the company’s stock worth $1,041,000 after purchasing an additional 7,910 shares during the last quarter. Finally, American International Group Inc. raised its stake in Tenable by 1.0% in the first quarter. American International Group Inc. now owns 57,385 shares of the company’s stock valued at $2,837,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Activity

In other news, CFO Stephen A. Vintz sold 3,413 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 value of $142,492.75. Following the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amit Yoran sold 5,673 shares of the stock in a transaction dated 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 owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,307 shares of company stock valued at $920,880. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

TENB has been the topic of a number of research analyst reports. Truist Financial reissued a “buy” rating and issued a $55.00 price target (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. DA Davidson cut Tenable from a “buy” rating to a “neutral” rating and reduced their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Stifel Nicolaus lowered their price target on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Morgan Stanley reduced their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group began coverage on Tenable in a research report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 target price for the company. Five equities research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.81.

Tenable Stock Performance

NASDAQ:TENB opened at $42.44 on Friday. 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 twelve month low of $35.25 and a twelve month high of $53.50. The stock has a market cap of $5.10 billion, a P/E ratio of -83.31 and a beta of 0.83. The firm’s fifty day simple moving average is $40.96 and its 200 day simple moving average is $41.79.

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.