Skandinaviska Enskilda Banken AB publ Has $135,000 Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Skandinaviska Enskilda Banken AB publ boosted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 68.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,442 shares of the company’s stock after acquiring an additional 1,398 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Tenable were worth $135,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TENB. Larson Financial Group LLC lifted its holdings in Tenable by 658.6% in the third 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 period. SBI Securities Co. Ltd. acquired a new stake in Tenable in the fourth quarter worth $38,000. Nisa Investment Advisors LLC raised its holdings in Tenable by 74.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after purchasing an additional 1,172 shares during the period. Pacer Advisors Inc. raised its holdings in Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock worth $111,000 after purchasing an additional 657 shares during the period. Finally, R Squared Ltd acquired a new stake in Tenable in the fourth quarter worth $126,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of TENB stock opened at $36.99 on Wednesday. The stock has a market cap of $4.45 billion, a P/E ratio of -123.30 and a beta of 0.87. 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 company has a fifty day moving average price of $39.71 and a two-hundred day moving average price of $40.53. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 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%. As a group, equities analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TENB shares. Scotiabank increased their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. 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 research report on Thursday, February 6th. Jefferies Financial Group increased their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus downgraded shares of 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. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.20.

Insider Transactions at Tenable

In other news, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now owns 353 shares of the company’s stock, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,937 shares of company stock worth $570,418. 4.30% of the stock is owned by insiders.

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.