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

Nordea Investment Management AB lifted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 10.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 267,519 shares of the company’s stock after buying an additional 25,247 shares during the quarter. Nordea Investment Management AB’s holdings in Tenable were worth $10,489,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Covestor Ltd increased its stake in 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 during the period. Larson Financial Group LLC increased its stake in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after buying an additional 652 shares during the period. Quest Partners LLC acquired a new stake in Tenable during the 2nd quarter worth approximately $40,000. Truvestments Capital LLC purchased a new position in Tenable in the 3rd quarter valued at approximately $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tenable in the second quarter worth $200,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Transactions at Tenable

In other news, CFO Stephen A. Vintz sold 2,801 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the sale, the chief financial officer now owns 281,536 shares in the company, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amit Yoran sold 4,828 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,654 shares of company stock worth $862,879. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TENB. Jefferies Financial Group lifted their target price on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays lowered their price objective on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Monday. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Finally, Robert W. Baird dropped their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.63.

Tenable Trading Down 0.2 %

NASDAQ:TENB opened at $38.89 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The stock’s 50 day moving average price is $41.22 and its 200 day moving average price is $41.52. The company has a market capitalization of $4.67 billion, a PE ratio of -76.25 and a beta of 0.85.

Tenable Company 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.