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

KLP Kapitalforvaltning AS purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,900 shares of the company's stock, valued at approximately $981,000.

Several other institutional investors and hedge funds have also modified their holdings of TENB. Thrivent Financial for Lutherans raised its stake in Tenable by 34.1% during the third quarter. Thrivent Financial for Lutherans now owns 34,673 shares of the company's stock worth $1,405,000 after acquiring an additional 8,821 shares in the last quarter. Citigroup Inc. increased its position in Tenable by 92.4% during the 3rd quarter. Citigroup Inc. now owns 146,365 shares of the company's stock worth $5,931,000 after purchasing an additional 70,307 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 purchasing an additional 652 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Tenable by 19.8% in the third quarter. BNP Paribas Financial Markets now owns 76,523 shares of the company's stock valued at $3,101,000 after buying an additional 12,635 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tenable by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company's stock worth $2,118,000 after buying an additional 457 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TENB shares. Jefferies Financial Group cut their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Barclays upped their price objective on Tenable from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Scotiabank lifted their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley started coverage on shares of Tenable in a report on Tuesday, March 18th. They set an "equal weight" rating and a $40.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.76.

Tenable Trading Down 5.1 %

Shares of Tenable stock traded down $1.81 on Thursday, hitting $33.35. 883,933 shares of the company's stock traded hands, compared to its average volume of 957,888. The company has a fifty day moving average of $38.56 and a two-hundred day moving average of $40.19. Tenable Holdings, Inc. has a one year low of $32.96 and a one year high of $50.07. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -111.17 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.

Tenable (NASDAQ:TENB - Get Free Report) last posted 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 return on equity of 2.07% and a negative net margin of 4.03%. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was 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 directly owns 353 shares of the company's stock, valued at approximately $13,061. This represents a 87.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the company's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now owns 8,659 shares of the company's stock, valued at approximately $333,544.68. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 over the last three months. Corporate insiders own 4.30% of the company's stock.

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.