Claro Advisors LLC Has $203,000 Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Claro Advisors LLC reduced its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 20.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,000 shares of the company’s stock after selling 1,250 shares during the period. Claro Advisors LLC’s holdings in Tenable were worth $203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd grew its position in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the period. Quest Partners LLC acquired a new stake in Tenable during the 2nd quarter worth $40,000. Truvestments Capital LLC bought a new stake in shares of Tenable during the 1st quarter valued at $189,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tenable in the 2nd quarter valued at $200,000. Finally, Olympiad Research LP boosted its position in shares of Tenable by 11.1% in the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after purchasing an additional 528 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Tenable Price Performance

NASDAQ TENB opened at $40.79 on Wednesday. The firm’s 50 day moving average is $40.84 and its 200-day moving average is $41.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.90 billion, a PE ratio of -79.98 and a beta of 0.83. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50.

Insider Buying and Selling at Tenable

In related news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the sale, the chief executive officer now owns 39,309 shares in the company, valued at approximately $1,641,150.75. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the transaction, the chief financial officer now owns 278,493 shares of the company’s stock, valued at approximately $11,627,082.75. This represents a 1.21 % decrease in their ownership of the stock. 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.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler reduced their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Robert W. Baird decreased their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Jefferies Financial Group began coverage on shares of Tenable in a report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. Finally, DA Davidson cut Tenable from a “buy” rating to a “neutral” rating and decreased their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and an average target price of $50.81.

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.