Los Angeles Capital Management LLC Lowers Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Los Angeles Capital Management LLC trimmed its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 48,246 shares of the company’s stock after selling 360 shares during the period. Los Angeles Capital Management LLC’s holdings in Tenable were worth $1,955,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the last quarter. SG Americas Securities LLC boosted its stake in Tenable by 214.6% during the first quarter. SG Americas Securities LLC now owns 8,645 shares of the company’s stock valued at $427,000 after buying an additional 5,897 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Tenable by 9.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 14,800 shares of the company’s stock valued at $732,000 after buying an additional 1,250 shares in the last quarter. Swiss National Bank increased its stake in Tenable by 1.3% in the 1st quarter. Swiss National Bank now owns 230,900 shares of the company’s stock worth $11,413,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Tenable by 20.6% during the 1st quarter. Russell Investments Group Ltd. now owns 171,004 shares of the company’s stock valued at $8,453,000 after acquiring an additional 29,264 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now owns 34,079 shares in the company, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the 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 transaction, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,469 shares of company stock worth $520,276 in the last ninety days. 4.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Susquehanna reduced their price target on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a research report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $55.00 price target (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. Wells Fargo & Company reduced their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and an average target price of $50.81.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $42.03 on Thursday. The firm’s 50 day simple moving average is $40.74 and its 200-day simple moving average is $41.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50. The firm has a market cap of $5.05 billion, a PE ratio of -82.41 and a beta of 0.83.

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.