Quantbot Technologies LP Has $2.99 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Quantbot Technologies LP raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 25.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 73,882 shares of the company’s stock after acquiring an additional 15,056 shares during the quarter. Quantbot Technologies LP’s holdings in Tenable were worth $2,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd increased its stake in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. Larson Financial Group LLC increased its stake in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Quest Partners LLC bought a new stake in Tenable in the second quarter valued at $40,000. Truvestments Capital LLC bought a new stake in Tenable in the third quarter valued at $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Tenable in the second quarter valued at $200,000. 89.06% of the stock is owned by institutional investors.

Tenable Stock Performance

Shares of TENB stock opened at $41.88 on Thursday. The stock has a market capitalization of $5.03 billion, a P/E ratio of -82.12 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average is $41.13 and its 200 day moving average is $41.69. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Scotiabank decreased their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Barclays decreased their target price 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. Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Stifel Nicolaus decreased their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, DA Davidson downgraded shares of Tenable from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $56.00 to $40.00 in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Tenable has an average rating of “Moderate Buy” and a consensus target price of $50.81.

Insider Activity at Tenable

In related news, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $196,596.16. Following the sale, the chief executive officer now directly owns 45,171 shares in the company, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen A. Vintz sold 3,180 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $135,913.20. Following the sale, the chief financial officer now directly owns 285,045 shares in the company, valued at $12,182,823.30. This trade represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by corporate insiders.

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 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.