Tenable Holdings, Inc. (NASDAQ:TENB) Position Decreased by Capital Investment Counsel Inc

Capital Investment Counsel Inc reduced its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,739 shares of the company’s stock after selling 910 shares during the quarter. Capital Investment Counsel Inc’s holdings in Tenable were worth $294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Tenable by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock worth $620,018,000 after purchasing an additional 32,535 shares during the period. First Trust Advisors LP grew its holdings in shares of Tenable by 18.0% during the fourth quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock valued at $205,085,000 after buying an additional 680,477 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Tenable by 20.2% during the first quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock valued at $172,575,000 after buying an additional 585,559 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after acquiring an additional 593,529 shares in the last quarter. Finally, Norges Bank purchased a new stake in Tenable in the 4th quarter worth about $56,568,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TENB. Westpark Capital cut shares of Tenable from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson cut shares of Tenable from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Robert W. Baird lowered their target price on shares of Tenable from $55.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Canaccord Genuity Group decreased their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Stifel Nicolaus dropped their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Tenable Price Performance

NASDAQ TENB traded down $0.58 on Tuesday, hitting $42.12. 628,993 shares of the company were exchanged, compared to its average volume of 951,708. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The company has a market cap of $5.01 billion, a P/E ratio of -72.62 and a beta of 0.86. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50. The firm has a 50 day moving average of $42.30 and a two-hundred day moving average of $44.91.

Insider Activity

In other Tenable news, CFO Stephen A. Vintz sold 3,220 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $43.18, for a total value of $139,039.60. Following the transaction, the chief financial officer now directly owns 264,424 shares in the company, valued at approximately $11,417,828.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Stephen A. Vintz sold 3,220 shares of Tenable stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $43.18, for a total transaction of $139,039.60. Following the completion of the sale, the chief financial officer now owns 264,424 shares in the company, valued at approximately $11,417,828.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,350 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $43.47, for a total transaction of $102,154.50. Following the sale, the director now directly owns 2,853 shares of the company’s stock, valued at $124,019.91. The disclosure for this sale can be found here. Insiders have sold 54,249 shares of company stock valued at $2,525,503 over the last three months. 4.30% of the stock is owned by insiders.

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 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.