Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 227,900 shares of the company's stock after selling 24,600 shares during the quarter. Swiss National Bank owned 0.19% of Tenable worth $10,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TENB. NBC Securities Inc. purchased a new position in Tenable during the third quarter valued at $27,000. SG Americas Securities LLC purchased a new stake in Tenable in the 4th quarter worth approximately $127,000. Shell Asset Management Co. bought a new stake in Tenable during the 3rd quarter worth approximately $138,000. Hunter Associates Investment Management LLC purchased a new position in Tenable during the fourth quarter valued at approximately $205,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in Tenable during the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Activity

In other news, CFO Stephen A. Vintz sold 200,000 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $46.93, for a total transaction of $9,386,000.00. Following the transaction, the chief financial officer now owns 257,256 shares of the company's stock, valued at approximately $12,073,024.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Stephen A. Vintz sold 200,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total value of $9,386,000.00. Following the completion of the sale, the chief financial officer now owns 257,256 shares in the company, valued at approximately $12,073,024.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amit Yoran sold 12,329 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.22, for a total transaction of $569,846.38. Following the transaction, the chief executive officer now owns 304,444 shares in the company, valued at $14,071,401.68. The disclosure for this sale can be found here. Insiders sold 310,806 shares of company stock valued at $14,701,441 in the last ninety days. Insiders own 4.30% of the company's stock.

Tenable Trading Up 0.3 %

TENB traded up $0.15 on Monday, hitting $44.90. The company had a trading volume of 569,722 shares, compared to its average volume of 926,074. The business's fifty day simple moving average is $46.76 and its 200 day simple moving average is $45.31. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. Tenable Holdings, Inc. has a 12-month low of $33.85 and a 12-month high of $53.50. The company has a market cap of $5.34 billion, a PE ratio of -77.41 and a beta of 0.94.

Analyst Upgrades and Downgrades

TENB has been the topic of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $62.00 target price on shares of Tenable in a research note on Thursday, May 2nd. Wedbush reiterated an "outperform" rating and set a $65.00 target price on shares of Tenable in a research report on Thursday, May 2nd. Scotiabank began coverage on Tenable in a research note on Friday, April 26th. They set a "sector perform" rating and a $47.00 target price on the stock. Truist Financial upped their price target on Tenable from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Finally, Susquehanna lifted their price objective on shares of Tenable from $55.00 to $60.00 and gave the company a "positive" rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.20.

Tenable Company 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.