Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 430.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,117 shares of the company’s stock after purchasing an additional 201,360 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Tenable were worth $9,771,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fulton Bank N.A. boosted its holdings in Tenable by 12.3% in the 4th quarter. Fulton Bank N.A. now owns 9,209 shares of the company’s stock worth $363,000 after buying an additional 1,007 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Tenable by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after purchasing an additional 25,247 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Tenable by 7.3% in the third quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock valued at $18,984,000 after buying an additional 30,530 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Tenable by 19.4% in the third quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock worth $1,277,000 after buying an additional 5,116 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Tenable during the third quarter worth about $282,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Activity

In related news, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now owns 35,480 shares in the company, valued at approximately $1,444,745.60. The trade was a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amit Yoran sold 5,293 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $226,222.82. Following the sale, the chief executive officer now directly owns 51,691 shares in the company, valued at approximately $2,209,273.34. The trade was a 9.29 % 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 valued at $862,879. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TENB has been the subject of a number of recent research reports. Piper Sandler cut their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Barclays dropped their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Monday. Finally, Jefferies Financial Group boosted their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Trading Down 1.8 %

Tenable stock traded down $0.70 during trading on Friday, hitting $38.19. The company had a trading volume of 211,152 shares, compared to its average volume of 707,594. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The company’s 50 day simple moving average is $41.16 and its 200-day simple moving average is $41.49. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of -74.88 and a beta of 0.85.

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.