Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 7.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,824 shares of the company’s stock after selling 4,132 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tenable were worth $2,258,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Tenable in the 4th quarter valued at approximately $56,568,000. First Trust Advisors LP raised its holdings in shares of Tenable by 18.0% in the fourth quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock worth $205,085,000 after buying an additional 680,477 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Tenable by 59.5% during the first quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after buying an additional 593,529 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Tenable by 20.2% during the first quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock valued at $172,575,000 after buying an additional 585,559 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Tenable by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock valued at $576,248,000 after acquiring an additional 259,552 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the sale, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the sale, the chief financial officer now owns 278,493 shares in the company, valued at $11,627,082.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,469 shares of company stock worth $2,429,076. Company insiders own 4.30% of the company’s stock.

Tenable Price Performance

NASDAQ:TENB opened at $41.28 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The stock’s 50-day moving average price is $42.52 and its 200-day moving average price is $44.49. The stock has a market capitalization of $4.91 billion, a PE ratio of -71.17 and a beta of 0.86.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. As a group, equities analysts expect that Tenable Holdings, Inc. will post -0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Canaccord Genuity Group lowered their price target on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Baird R W upgraded Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Stifel Nicolaus reduced their price target on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Needham & Company LLC decreased their price objective on shares of Tenable from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Wells Fargo & Company cut their price objective on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Tenable has a consensus rating of “Moderate Buy” and an average price target of $53.00.

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.