Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 28.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 920,378 shares of the company’s stock after purchasing an additional 201,366 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Tenable were worth $37,294,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TENB. Covestor Ltd increased its holdings in shares of Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after purchasing an additional 652 shares during the period. Quest Partners LLC bought a new stake in Tenable during the second quarter valued at $40,000. Truvestments Capital LLC bought a new stake in Tenable during the third quarter valued at $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tenable during the second quarter worth $200,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TENB shares. Piper Sandler lowered 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. Morgan Stanley lowered their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird cut their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group initiated coverage on Tenable in a research note on Wednesday, October 16th. They set a “hold” rating and a $45.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.81.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $41.98 on Friday. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -82.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The stock’s 50 day moving average price is $41.24 and its 200 day moving average price is $41.67.

Insider Transactions at Tenable

In related news, CFO Stephen A. Vintz sold 3,180 shares of the business’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 value 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. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amit Yoran sold 5,293 shares of the firm’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 $226,222.82. Following the sale, the chief executive officer now owns 51,691 shares of the company’s stock, valued at $2,209,273.34. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,654 shares of company stock valued at $862,879. Corporate insiders own 4.30% of the company’s stock.

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.