Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Olympiad Research LP

Olympiad Research LP increased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,287 shares of the company’s stock after buying an additional 528 shares during the quarter. Olympiad Research LP’s holdings in Tenable were worth $214,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TENB. Quest Partners LLC acquired a new stake in Tenable during the 2nd quarter worth about $40,000. Allspring Global Investments Holdings LLC boosted its position in Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after buying an additional 312 shares during the last quarter. Truvestments Capital LLC acquired a new position in Tenable in the 1st quarter worth approximately $189,000. Susquehanna Fundamental Investments LLC purchased a new position in Tenable during the 2nd quarter worth approximately $200,000. Finally, DRW Securities LLC acquired a new stake in Tenable during the 2nd quarter valued at approximately $222,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Performance

TENB opened at $41.81 on Friday. 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 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm’s fifty day simple moving average is $40.66 and its two-hundred day simple moving average is $42.05. The company has a market cap of $5.02 billion, a price-to-earnings ratio of -81.98 and a beta of 0.83.

Wall Street Analyst Weigh In

TENB has been the topic of a number of research reports. Canaccord Genuity Group cut their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Wells Fargo & Company lowered their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group started coverage on Tenable in a research report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target for the company. Finally, Stifel Nicolaus lowered their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Five equities 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.81.

Insider Buying and Selling

In other news, CEO Amit Yoran sold 5,673 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $236,847.75. Following the transaction, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the sale, the chief operating officer now owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 5,673 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the sale, the chief executive officer now owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,469 shares of company stock worth $520,276. Insiders own 4.30% of the company’s stock.

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.