Zurcher Kantonalbank Zurich Cantonalbank Trims Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 57,076 shares of the company’s stock after selling 1,736 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tenable were worth $2,629,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in Tenable by 4.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,160 shares of the company’s stock worth $321,000 after buying an additional 332 shares during the period. Diversified Trust Co increased its position in shares of Tenable by 5.5% during the fourth quarter. Diversified Trust Co now owns 6,901 shares of the company’s stock worth $318,000 after acquiring an additional 361 shares during the period. Arizona State Retirement System raised its stake in shares of Tenable by 1.4% during the third quarter. Arizona State Retirement System now owns 32,696 shares of the company’s stock valued at $1,465,000 after acquiring an additional 467 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of Tenable by 0.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 121,194 shares of the company’s stock valued at $5,582,000 after acquiring an additional 474 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Tenable by 3.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,702 shares of the company’s stock worth $614,000 after purchasing an additional 476 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling

In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $49.56, for a total transaction of $768,427.80. Following the transaction, the chief financial officer now owns 257,924 shares in the company, valued at approximately $12,782,713.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the completion of the sale, the chief financial officer now owns 257,924 shares of the company’s stock, valued at approximately $12,782,713.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the sale, the director now owns 2 shares in the company, valued at approximately $101.50. The disclosure for this sale can be found here. Insiders sold 317,382 shares of company stock worth $15,021,615 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Tenable Trading Up 2.5 %

Shares of TENB opened at $46.15 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The stock has a fifty day moving average price of $47.71 and a 200-day moving average price of $45.10.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. The company had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. On average, research analysts expect that Tenable Holdings, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Susquehanna lifted their target price on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, January 12th. Stephens raised their target price on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price target on shares of Tenable in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.63.

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.