Nordea Investment Management AB Grows Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Nordea Investment Management AB grew its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,519 shares of the company's stock after purchasing an additional 25,247 shares during the period. Nordea Investment Management AB owned about 0.22% of Tenable worth $10,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TENB. Principal Financial Group Inc. grew its stake in Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company's stock valued at $694,000 after acquiring an additional 276 shares during the period. Covestor Ltd increased its stake in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company's stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Xponance Inc. raised its position in shares of Tenable by 5.5% during the 2nd quarter. Xponance Inc. now owns 7,441 shares of the company's stock worth $324,000 after purchasing an additional 389 shares during the last quarter. Fulton Bank N.A. lifted its stake in Tenable by 5.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company's stock valued at $332,000 after buying an additional 443 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tenable by 0.9% in the 3rd 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. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Trading Down 0.2 %

Shares of NASDAQ TENB traded down $0.08 during trading on Thursday, reaching $38.89. The stock had a trading volume of 746,086 shares, compared to its average volume of 809,017. 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 cap of $4.67 billion, a P/E ratio of -76.25 and a beta of 0.85. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The business's 50-day moving average price is $41.17 and its 200-day moving average price is $41.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TENB shares. Westpark Capital reissued a "hold" rating on shares of Tenable in a report on Thursday, October 31st. Piper Sandler decreased their price objective on Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Barclays decreased their price target on shares of Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.63.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 4,828 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the sale, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. This represents a 9.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mark C. Thurmond sold 2,343 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $100,139.82. Following the transaction, the chief operating officer now directly owns 37,188 shares of the company's stock, valued at approximately $1,589,415.12. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,654 shares of company stock worth $862,879 in the last three months. 4.30% of the stock is owned by company 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.