Canada Pension Plan Investment Board Reduces Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Canada Pension Plan Investment Board cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 60.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,400 shares of the company’s stock after selling 30,200 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Tenable were worth $845,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TENB. William Blair Investment Management LLC purchased a new stake in shares of Tenable during the first quarter valued at $86,621,000. Norges Bank purchased a new stake in Tenable in the fourth quarter valued at $42,934,000. Stephens Investment Management Group LLC purchased a new stake in Tenable in the first quarter valued at $34,127,000. Price T Rowe Associates Inc. MD boosted its holdings in Tenable by 1,772.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 637,287 shares of the company’s stock valued at $28,939,000 after purchasing an additional 603,250 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Tenable by 6.4% in the first quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company’s stock valued at $572,138,000 after purchasing an additional 595,338 shares during the last quarter. 88.13% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Up 0.2 %

TENB opened at $39.54 on Tuesday. The company has a market cap of $4.62 billion, a PE ratio of -58.15 and a beta of 1.15. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.05. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $49.77. The company has a 50-day moving average price of $42.52 and a 200 day moving average price of $42.57.

Wall Street Analyst Weigh In

TENB has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Tenable from a “neutral” rating to an “overweight” rating and upped their price target for the company from $51.00 to $56.00 in a report on Monday, September 11th. Wedbush lowered their price target on shares of Tenable from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley lowered their target price on shares of Tenable from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Canaccord Genuity Group increased their target price on shares of Tenable from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Finally, Wells Fargo & Company increased their target price on shares of Tenable from $52.00 to $60.00 in a research note on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Amit Yoran sold 20,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $47.64, for a total value of $952,800.00. Following the completion of the sale, the chief executive officer now owns 270,651 shares in the company, valued at approximately $12,893,813.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Stephen A. Vintz sold 3,525 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $43.42, for a total transaction of $153,055.50. Following the completion of the transaction, the chief financial officer now owns 217,717 shares of the company’s stock, valued at approximately $9,453,272.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $47.64, for a total transaction of $952,800.00. Following the transaction, the chief executive officer now directly owns 270,651 shares of the company’s stock, valued at approximately $12,893,813.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,783 shares of company stock worth $1,761,468. Insiders own 4.50% of the company’s stock.

Tenable 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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.