Geode Capital Management LLC Purchases 33,303 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Geode Capital Management LLC grew its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,794,485 shares of the company’s stock after buying an additional 33,303 shares during the period. Geode Capital Management LLC’s holdings in Tenable were worth $113,255,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC grew its stake in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after acquiring an additional 305,334 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after purchasing an additional 471,126 shares in the last quarter. RGM Capital LLC grew its position in shares of Tenable by 4.5% in the 2nd quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock valued at $154,240,000 after purchasing an additional 153,127 shares during the period. State Street Corp increased its stake in Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Tenable by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 1,372,854 shares of the company’s stock worth $59,829,000 after purchasing an additional 84,616 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling at Tenable

In related news, COO Mark C. Thurmond sold 2,343 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the transaction, the chief operating officer now directly owns 37,188 shares of the company’s stock, valued at approximately $1,589,415.12. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 4,828 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the sale, the chief executive officer now owns 45,171 shares in the company, valued at approximately $1,839,363.12. This trade represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock worth $862,879 over the last quarter. 4.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

TENB has been the subject of several research analyst reports. Westpark Capital reiterated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Barclays reduced their target price on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price target (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Robert W. Baird decreased their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Piper Sandler dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Price Performance

NASDAQ:TENB opened at $41.55 on Wednesday. The stock has a market capitalization of $4.99 billion, a PE ratio of -81.47 and a beta of 0.83. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The firm has a fifty day simple moving average of $41.74 and a 200 day simple moving average of $41.57. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

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.