Penserra Capital Management LLC Buys 7,301 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Penserra Capital Management LLC increased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,135,875 shares of the company’s stock after purchasing an additional 7,301 shares during the quarter. Tenable makes up about 1.0% of Penserra Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Penserra Capital Management LLC owned approximately 0.95% of Tenable worth $46,025,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd grew its position in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares in the last quarter. Quest Partners LLC purchased a new stake in Tenable in the second quarter worth about $40,000. Susquehanna Fundamental Investments LLC bought a new position in Tenable during the 2nd quarter worth about $200,000. DRW Securities LLC purchased a new position in Tenable during the 2nd quarter valued at about $222,000. Finally, Olympiad Research LP raised its holdings in shares of Tenable by 11.1% in the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock valued at $214,000 after purchasing an additional 528 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TENB shares. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Susquehanna cut their price target on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. DA Davidson cut Tenable from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Stifel Nicolaus cut their target price on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Barclays decreased their price target 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 analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.81.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the completion of the transaction, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at approximately $11,627,082.75. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the sale, the chief executive officer now directly owns 39,309 shares in the company, valued at $1,641,150.75. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,307 shares of company stock valued at $920,880 in the last ninety days. Company insiders own 4.30% of the company’s stock.

Tenable Trading Up 1.4 %

NASDAQ TENB opened at $42.44 on Friday. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50. The company has a fifty day simple moving average of $41.02 and a two-hundred day simple moving average of $41.77. 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 stock has a market cap of $5.10 billion, a P/E ratio of -83.22 and a beta of 0.83.

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.