Algert Global LLC Sells 27,970 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Algert Global LLC trimmed its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 44.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,016 shares of the company’s stock after selling 27,970 shares during the period. Algert Global LLC’s holdings in Tenable were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Covestor Ltd lifted its position in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Tenable during the second quarter valued at about $40,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tenable during the second quarter valued at about $200,000. Olympiad Research LP lifted its position in shares of Tenable by 11.1% during the third quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock valued at $214,000 after buying an additional 528 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Tenable during the second quarter valued at about $222,000. 89.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on TENB shares. Susquehanna decreased their price target on shares of Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $56.00 to $40.00 in a research report on Thursday, August 1st. Piper Sandler decreased their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Barclays decreased their price objective on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Insider Transactions at Tenable

In other news, CFO Stephen A. Vintz sold 3,180 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $135,913.20. Following the sale, the chief financial officer now owns 285,045 shares of the company’s stock, valued at $12,182,823.30. This trade represents a 1.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mark C. Thurmond sold 2,209 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $89,950.48. Following the sale, the chief operating officer now directly owns 35,480 shares in the company, valued at $1,444,745.60. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,654 shares of company stock valued at $862,879 in the last 90 days. 4.30% of the stock is currently owned by company insiders.

Tenable Stock Performance

TENB opened at $41.88 on Friday. The firm has a market capitalization of $5.03 billion, a PE ratio of -82.12 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 firm has a 50 day moving average of $41.21 and a two-hundred day moving average of $41.69. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

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.