Tenable Holdings, Inc. (NASDAQ:TENB) Stock Holdings Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 15.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,200 shares of the company’s stock after purchasing an additional 4,100 shares during the period. Handelsbanken Fonder AB’s holdings in Tenable were worth $1,229,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TENB. Covestor Ltd lifted its position in Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after acquiring an additional 289 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Tenable by 0.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after purchasing an additional 457 shares during the last quarter. Olympiad Research LP boosted its stake in 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 during the period. Larson Financial Group LLC grew its holdings in Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after buying an additional 652 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Tenable by 30.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock worth $111,000 after buying an additional 657 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Activity at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the sale, the director now owns 8,659 shares in the company, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,756 shares of company stock valued at $222,972. Corporate insiders own 4.30% of the company’s stock.

Tenable Price Performance

TENB stock opened at $38.06 on Thursday. The stock has a market cap of $4.57 billion, a PE ratio of -126.87 and a beta of 0.87. The stock has a 50-day moving average price of $40.60 and a two-hundred day moving average price of $41.01. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TENB has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $45.00 in a report on Friday, January 17th. Piper Sandler dropped their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Scotiabank lifted their target price on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.67.

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.