Assenagon Asset Management S.A. Makes New Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Assenagon Asset Management S.A. purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 397,495 shares of the company’s stock, valued at approximately $15,653,000. Assenagon Asset Management S.A. owned approximately 0.33% of Tenable at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in Tenable in the second quarter valued at approximately $40,000. Dimensional Fund Advisors LP boosted its holdings in shares of Tenable by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 68,192 shares of the company’s stock valued at $2,972,000 after acquiring an additional 858 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Tenable during the 2nd quarter worth $7,740,000. Hsbc Holdings PLC raised its position in Tenable by 43.0% in the second quarter. Hsbc Holdings PLC now owns 24,127 shares of the company’s stock valued at $1,045,000 after purchasing an additional 7,254 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Tenable in the second quarter valued at about $672,000. 89.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the transaction, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 4,828 shares of the firm’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 value of $196,596.16. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 21,463 shares of company stock valued at $894,042 over the last ninety days. 4.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TENB. Piper Sandler lowered their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Robert W. Baird dropped their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Monday, January 6th. Barclays lowered their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price target on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.19.

Tenable Price Performance

Tenable stock opened at $40.83 on Friday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of -80.06 and a beta of 0.85. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s 50 day moving average price is $41.11 and its two-hundred day moving average price is $41.41.

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.