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

Janney Capital Management LLC lowered its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,218 shares of the company’s stock after selling 333 shares during the quarter. Janney Capital Management LLC’s holdings in Tenable were worth $284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its holdings 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 purchasing an additional 289 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after buying an additional 1,172 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Tenable in the 3rd quarter valued at $171,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Tenable in the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 2.9 %

NASDAQ TENB opened at $42.26 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The firm has a 50-day moving average price of $41.08 and a 200 day moving average price of $41.35.

Insiders Place Their Bets

In related news, COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $100,139.82. Following the sale, the chief operating officer now directly owns 37,188 shares in the company, valued at $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amit Yoran sold 4,828 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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. The trade was a 9.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,463 shares of company stock worth $894,042. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on TENB shares. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Monday, January 6th. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Barclays cut their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Robert W. Baird decreased their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Scotiabank raised their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.25.

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.