Champlain Investment Partners LLC Has $70.83 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Champlain Investment Partners LLC lowered its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,747,922 shares of the company’s stock after selling 179,643 shares during the quarter. Champlain Investment Partners LLC owned approximately 1.45% of Tenable worth $70,826,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TENB. Principal Financial Group Inc. grew its stake in shares of Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after buying an additional 276 shares in the last quarter. Covestor Ltd lifted its stake in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. Xponance Inc. grew its position in Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after acquiring an additional 389 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of Tenable by 5.7% during the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after purchasing an additional 443 shares during the last quarter. Finally, Olympiad Research LP raised its holdings in shares of Tenable by 11.1% during the 3rd quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock valued at $214,000 after purchasing an additional 528 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at $11,464,145.92. The trade was a 0.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,307 shares of company stock valued at $920,880 in the last quarter. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TENB shares. Truist Financial reiterated a “buy” rating and issued a $55.00 price objective (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Jefferies Financial Group began coverage on Tenable in a research note on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target for the company. Wells Fargo & Company cut their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Scotiabank decreased their target price on Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Finally, Morgan Stanley dropped their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Tenable Stock Performance

Shares of TENB opened at $42.44 on Friday. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50. The company has a 50-day simple moving average of $40.96 and a 200-day simple moving average of $41.79. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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.