11,035 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Purchased by Cibc World Markets Corp

Cibc World Markets Corp purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,035 shares of the company’s stock, valued at approximately $435,000.

A number of other institutional investors also recently bought and sold shares of the stock. Readystate Asset Management LP purchased a new stake in Tenable in the third quarter worth about $24,660,000. Assenagon Asset Management S.A. purchased a new stake in Tenable in the fourth quarter worth about $15,653,000. FMR LLC grew its holdings in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after purchasing an additional 305,334 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Tenable by 28.0% in the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after purchasing an additional 201,366 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Tenable by 430.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock worth $9,771,000 after purchasing an additional 201,360 shares during the period. 89.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TENB has been the topic of a number of recent research reports. Scotiabank upped their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Jefferies Financial Group increased their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays increased their price target on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Morgan Stanley assumed coverage on shares of Tenable in a report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Tenable in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.20.

Insiders Place Their Bets

In other news, CEO Mark C. Thurmond sold 1,341 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,937 shares of company stock worth $570,418. Company insiders own 4.30% of the company’s stock.

Tenable Stock Up 0.3 %

Shares of Tenable stock opened at $36.25 on Monday. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -120.83 and a beta of 0.87. The company’s 50 day moving average is $39.57 and its 200 day moving average is $40.45. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $50.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

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.