Skandinaviska Enskilda Banken AB publ Acquires 99,770 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2,898.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,212 shares of the company's stock after acquiring an additional 99,770 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.09% of Tenable worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Investment Advisors Inc. grew its position in shares of Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock valued at $486,000 after purchasing an additional 390 shares in the last quarter. Xponance Inc. grew its position in shares of Tenable by 6.6% during the 1st quarter. Xponance Inc. now owns 9,021 shares of the company's stock valued at $316,000 after purchasing an additional 562 shares in the last quarter. Tidal Investments LLC grew its position in shares of Tenable by 1.8% during the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after purchasing an additional 564 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after purchasing an additional 575 shares in the last quarter. Finally, Byrne Asset Management LLC grew its position in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after purchasing an additional 727 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Needham & Company LLC reduced their price target on shares of Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus cut their target price on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird cut their target price on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group cut their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Finally, Stephens lowered shares of Tenable from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Tenable has an average rating of "Moderate Buy" and an average price target of $40.78.

Tenable Stock Performance

NASDAQ TENB opened at $33.16 on Tuesday. The company has a 50-day simple moving average of $32.94 and a two-hundred day simple moving average of $35.24. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.93. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -89.62 and a beta of 0.80.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The business had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. During the same period in the prior year, the business posted $0.25 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling at Tenable

In other news, CEO Stephen A. Vintz sold 3,386 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $109,875.70. Following the completion of the transaction, the chief executive officer directly owned 328,008 shares of the company's stock, valued at approximately $10,643,859.60. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 2,483 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $80,573.35. Following the transaction, the chief executive officer directly owned 72,727 shares of the company's stock, valued at approximately $2,359,991.15. This trade represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,815 shares of company stock worth $669,797 over the last three months. Company insiders own 1.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.