KLP Kapitalforvaltning AS Makes New $981,000 Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

KLP Kapitalforvaltning AS bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,900 shares of the company’s stock, valued at approximately $981,000.

Several other hedge funds also recently made changes to their positions in TENB. Readystate Asset Management LP acquired a new position in Tenable in the third quarter worth $24,660,000. Assenagon Asset Management S.A. bought a new stake in shares of Tenable during the 4th quarter valued at about $15,653,000. Harbor Capital Advisors Inc. raised its stake in Tenable by 430.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 248,117 shares of the company’s stock worth $9,771,000 after acquiring an additional 201,360 shares during the period. Fisher Asset Management LLC lifted its holdings in Tenable by 17.1% in the fourth quarter. Fisher Asset Management LLC now owns 1,238,396 shares of the company’s stock worth $48,768,000 after acquiring an additional 180,668 shares during the last quarter. Finally, Barclays PLC boosted its stake in Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after acquiring an additional 177,048 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TENB shares. Scotiabank raised their price target on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Barclays increased 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. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Finally, Jefferies Financial Group raised their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.20.

Insider Activity at Tenable

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the firm’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 transaction, the director now directly owns 353 shares in the company, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock worth $570,418 in the last quarter. 4.30% of the stock is owned by company insiders.

Tenable Stock Down 2.8 %

TENB opened at $34.94 on Monday. Tenable Holdings, Inc. has a one year low of $34.66 and a one year high of $50.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $4.20 billion, a PE ratio of -116.47 and a beta of 0.87. The stock’s fifty day moving average is $39.15 and its 200-day moving average is $40.34.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share 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%. On average, equities analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.