Zurcher Kantonalbank Zurich Cantonalbank Has $2.18 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,300 shares of the company’s stock after buying an additional 3,019 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tenable were worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TENB. State of New Jersey Common Pension Fund D grew its position in shares of Tenable by 9.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,912 shares of the company’s stock worth $1,941,000 after buying an additional 4,182 shares during the period. Entropy Technologies LP acquired a new stake in Tenable in the 3rd quarter valued at $341,000. Oppenheimer Asset Management Inc. grew its position in Tenable by 59.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,754 shares of the company’s stock valued at $638,000 after purchasing an additional 5,883 shares during the period. Mutual of America Capital Management LLC grew its position in Tenable by 10.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 81,167 shares of the company’s stock valued at $3,289,000 after purchasing an additional 7,713 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Tenable by 34.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 34,673 shares of the company’s stock valued at $1,405,000 after purchasing an additional 8,821 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 business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the sale, the director now directly owns 8,659 shares in the company, valued at approximately $333,544.68. The trade was a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,937 shares of company stock worth $570,418. Company insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TENB shares. Jefferies Financial Group lifted 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. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Scotiabank lifted their price target on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Barclays lifted their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.67.

Tenable Trading Up 2.3 %

NASDAQ TENB opened at $36.06 on Monday. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -120.20 and a beta of 0.87. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The business’s fifty day moving average is $39.81 and its 200-day moving average is $40.60.

Tenable (NASDAQ:TENB) last announced 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 net margin of 4.03% and a negative return on equity of 2.07%. Equities research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Tenable 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.