Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 27.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,805 shares of the company’s stock after selling 21,776 shares during the period. Stifel Financial Corp’s holdings in Tenable were worth $2,342,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TENB. Readystate Asset Management LP purchased a new position in shares of Tenable in the 3rd quarter worth about $24,660,000. Centiva Capital LP purchased a new position in Tenable in the third quarter valued at approximately $608,000. Clearline Capital LP acquired a new position in Tenable during the third quarter valued at approximately $1,149,000. Paloma Partners Management Co purchased a new stake in Tenable during the third quarter worth approximately $253,000. Finally, Edgestream Partners L.P. increased its position in shares of Tenable by 206.0% in the third quarter. Edgestream Partners L.P. now owns 179,023 shares of the company’s stock worth $7,254,000 after acquiring an additional 120,523 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tenable

In other news, CEO Amit Yoran sold 5,293 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at approximately $2,209,273.34. This represents a 9.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mark C. Thurmond sold 2,209 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 transaction of $89,950.48. Following the transaction, the chief operating officer now owns 35,480 shares in the company, valued at $1,444,745.60. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,654 shares of company stock worth $862,879 in the last 90 days. 4.30% of the stock is currently owned by company insiders.

Tenable Stock Performance

Shares of NASDAQ TENB opened at $40.00 on Thursday. The stock has a market capitalization of $4.81 billion, a P/E ratio of -78.43 and a beta of 0.83. The firm’s 50-day moving average price is $41.75 and its two-hundred day moving average price is $41.57. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Wall Street Analyst Weigh In

TENB has been the topic of several recent research reports. Jefferies Financial Group assumed coverage on shares of Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 target price on the stock. Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Piper Sandler lowered their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley reissued an “equal weight” rating and set a $47.00 price target (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.63.

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.