Hilton Capital Management LLC Decreases Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Hilton Capital Management LLC lowered its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,736 shares of the company’s stock after selling 2,071 shares during the quarter. Hilton Capital Management LLC’s holdings in Tenable were worth $1,367,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its holdings in Tenable by 34.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 34,673 shares of the company’s stock worth $1,405,000 after purchasing an additional 8,821 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Tenable by 10.5% in the third quarter. Mutual of America Capital Management LLC now owns 81,167 shares of the company’s stock worth $3,289,000 after buying an additional 7,713 shares during the period. Firetrail Investments PTY Ltd. lifted its position in shares of Tenable by 0.7% during the 3rd quarter. Firetrail Investments PTY Ltd. now owns 294,459 shares of the company’s stock valued at $11,919,000 after buying an additional 2,055 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Tenable by 59.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,754 shares of the company’s stock worth $638,000 after acquiring an additional 5,883 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Tenable during the third quarter valued at approximately $580,000. Institutional investors own 89.06% of the company’s stock.

Insider Activity

In other news, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the transaction, the chief financial officer now directly owns 278,493 shares in the company, valued at approximately $11,627,082.75. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 2,209 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 transaction of $89,950.48. Following the sale, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at approximately $1,444,745.60. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,307 shares of company stock valued at $920,880. Corporate insiders own 4.30% of the company’s stock.

Tenable Stock Up 0.1 %

NASDAQ TENB opened at $40.82 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company’s 50-day moving average price is $40.88 and its 200-day moving average price is $41.80. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50.

Analyst Ratings Changes

A number of equities research analysts have commented on TENB shares. Jefferies Financial Group began coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target on the stock. Scotiabank dropped their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Westpark Capital reiterated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Finally, Stifel Nicolaus cut their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.81.

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.