ArrowMark Colorado Holdings LLC Has $63.07 Million Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

ArrowMark Colorado Holdings LLC trimmed its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 13.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,556,489 shares of the company’s stock after selling 245,887 shares during the period. ArrowMark Colorado Holdings LLC owned 1.30% of Tenable worth $63,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the period. Quest Partners LLC acquired a new stake in Tenable during the 2nd quarter worth approximately $40,000. Truvestments Capital LLC acquired a new position in Tenable in the 3rd quarter valued at $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Tenable in the 2nd quarter valued at $200,000. 89.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Morgan Stanley cut their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Jefferies Financial Group assumed coverage on shares of Tenable in a research report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Tuesday, October 29th. Five equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.81.

Tenable Price Performance

Tenable stock opened at $41.98 on Monday. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s 50 day moving average is $41.24 and its 200 day moving average is $41.63. The firm has a market cap of $5.04 billion, a P/E ratio of -82.31 and a beta of 0.83.

Insider Buying and Selling

In other Tenable news, CEO Amit Yoran sold 4,828 shares of Tenable 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 transaction, the chief executive officer now owns 45,171 shares of the company’s stock, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable 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 completion of the sale, the chief operating officer now directly owns 35,480 shares in the company, valued at $1,444,745.60. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,654 shares of company stock valued at $862,879 over the last ninety days. 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.