UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $10.44 Million Position in Tenable Holdings, Inc. (NASDAQ:TENB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,586 shares of the company’s stock after buying an additional 4,249 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Tenable worth $10,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co raised its stake in shares of Tenable by 35.7% during the 2nd quarter. Diversified Trust Co now owns 17,318 shares of the company’s stock worth $755,000 after purchasing an additional 4,552 shares in the last quarter. Vanderbilt University lifted its stake in Tenable by 31.4% in the second quarter. Vanderbilt University now owns 129,576 shares of the company’s stock valued at $5,647,000 after acquiring an additional 30,962 shares during the last quarter. Bank of New York Mellon Corp grew its position in Tenable by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock worth $37,833,000 after acquiring an additional 89,677 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Tenable during the 2nd quarter worth $1,769,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Tenable by 10.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock valued at $16,277,000 after purchasing an additional 34,254 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TENB. Barclays decreased their price objective on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Robert W. Baird lowered their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Morgan Stanley restated an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Jefferies Financial Group started coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target on the stock. Finally, Piper Sandler reduced their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Trading Down 2.3 %

Shares of TENB opened at $42.42 on Monday. The stock’s 50-day moving average price is $41.51 and its 200 day moving average price is $41.59. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of -83.18 and a beta of 0.83.

Insider Activity at Tenable

In related news, CEO Amit Yoran sold 4,828 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 45,171 shares of the company’s stock, valued at $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen A. Vintz sold 3,180 shares of Tenable stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $135,913.20. Following the sale, the chief financial officer now directly owns 285,045 shares in the company, valued at $12,182,823.30. The trade was a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by corporate insiders.

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.