Clearline Capital LP Purchases Shares of 28,357 Tenable Holdings, Inc. (NASDAQ:TENB)

Clearline Capital LP acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,357 shares of the company’s stock, valued at approximately $1,149,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in Tenable by 2.0% during the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after acquiring an additional 305,334 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares in the last quarter. RGM Capital LLC increased its holdings in Tenable by 4.5% during the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after buying an additional 153,127 shares during the last quarter. American Century Companies Inc. increased its holdings in Tenable by 6.6% during the second quarter. American Century Companies Inc. now owns 1,372,854 shares of the company’s stock worth $59,829,000 after buying an additional 84,616 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in shares of Tenable by 0.6% in the 3rd quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company’s stock valued at $46,025,000 after acquiring an additional 7,301 shares during the period. Institutional investors own 89.06% of the company’s stock.

Insider Activity at Tenable

In related news, COO Mark C. Thurmond sold 2,343 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,589,415.12. This trade represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,654 shares of company stock valued at $862,879 over the last three months. 4.30% of the stock is owned by insiders.

Tenable Price Performance

TENB stock opened at $41.98 on Monday. The company’s 50-day moving average price is $41.24 and its two-hundred day moving average price is $41.63. The firm has a market cap of $5.04 billion, a P/E ratio of -82.31 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50.

Analyst Ratings Changes

Several brokerages recently issued reports on TENB. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday. Barclays reduced their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th. Jefferies Financial Group started coverage on shares of Tenable in a research report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price objective for the company. Finally, Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.63.

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.