Tenable Holdings, Inc. $TENB Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 79.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,857 shares of the company’s stock after selling 135,810 shares during the quarter. Teacher Retirement System of Texas’ holdings in Tenable were worth $1,046,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TENB. IVC Wealth Advisors LLC grew its stake in Tenable by 10.7% in the 3rd quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock valued at $214,000 after acquiring an additional 711 shares during the last quarter. Elo Mutual Pension Insurance Co raised its holdings in shares of Tenable by 5.2% in the second quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock worth $559,000 after acquiring an additional 814 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Tenable in the second quarter valued at $37,000. Y.D. More Investments Ltd boosted its stake in shares of Tenable by 11.5% during the second quarter. Y.D. More Investments Ltd now owns 11,169 shares of the company’s stock valued at $366,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Tenable by 76.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock valued at $78,000 after purchasing an additional 1,164 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TENB shares. DA Davidson decreased their target price on shares of Tenable from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley set a $30.00 target price on Tenable in a research note on Thursday, December 18th. Piper Sandler decreased their price target on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. JPMorgan Chase & Co. lowered their price target on Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Finally, Canaccord Genuity Group cut their price objective on shares of Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average target price of $34.41.

Insider Transactions at Tenable

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.

Tenable Stock Performance

TENB stock opened at $22.02 on Tuesday. Tenable Holdings, Inc. has a 1 year low of $21.26 and a 1 year high of $43.68. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -81.56 and a beta of 0.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $24.19 and its two-hundred day moving average is $27.79.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.