Allspring Global Investments Holdings LLC Sells 3,575 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Allspring Global Investments Holdings LLC lowered its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 59.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,466 shares of the company’s stock after selling 3,575 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tenable were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kovack Advisors Inc. bought a new stake in Tenable during the 2nd quarter worth about $393,000. Summit Global Investments bought a new stake in Tenable during the 2nd quarter worth about $1,127,000. Y.D. More Investments Ltd grew its holdings in Tenable by 8.3% during the 2nd quarter. Y.D. More Investments Ltd now owns 14,669 shares of the company’s stock worth $639,000 after acquiring an additional 1,130 shares during the last quarter. Nordea Investment Management AB grew its holdings in Tenable by 3.6% during the 2nd quarter. Nordea Investment Management AB now owns 312,350 shares of the company’s stock worth $13,772,000 after acquiring an additional 10,905 shares during the last quarter. Finally, Level Four Advisory Services LLC bought a new position in shares of Tenable in the 1st quarter valued at about $641,000. Institutional investors own 88.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TENB. Barclays reduced their target price on shares of Tenable from $47.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. TheStreet raised shares of Tenable from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. JPMorgan Chase & Co. raised shares of Tenable from a “neutral” rating to an “overweight” rating and raised their target price for the company from $51.00 to $56.00 in a research note on Monday, September 11th. Wedbush reduced their target price on shares of Tenable from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Finally, TD Cowen assumed coverage on shares of Tenable in a research note on Monday, September 18th. They issued an “outperform” rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.38.

Insiders Place Their Bets

In other Tenable news, COO Mark C. Thurmond sold 2,195 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $44.44, for a total transaction of $97,545.80. Following the sale, the chief operating officer now directly owns 47,510 shares in the company, valued at approximately $2,111,344.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Mark C. Thurmond sold 6,368 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.93, for a total transaction of $235,170.24. Following the completion of the transaction, the chief operating officer now directly owns 43,427 shares of the company’s stock, valued at approximately $1,603,759.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 2,195 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $44.44, for a total transaction of $97,545.80. Following the transaction, the chief operating officer now directly owns 47,510 shares of the company’s stock, valued at $2,111,344.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,890 shares of company stock worth $3,248,387. Company insiders own 4.50% of the company’s stock.

Tenable Stock Performance

Shares of TENB stock opened at $39.33 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $4.60 billion, a P/E ratio of -57.84 and a beta of 1.15. The company’s 50 day moving average price is $42.98 and its two-hundred day moving average price is $42.45. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $49.77.

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.