KBC Group NV Boosts Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

KBC Group NV boosted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,652 shares of the company’s stock after buying an additional 919 shares during the quarter. KBC Group NV’s holdings in Tenable were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Tenable by 2.0% during the fourth quarter. FMR LLC now owns 15,515,164 shares of the company’s stock valued at $610,987,000 after purchasing an additional 304,237 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock valued at $549,234,000 after purchasing an additional 708,249 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock valued at $110,416,000 after purchasing an additional 8,746 shares during the period. First Trust Advisors LP boosted its stake in shares of Tenable by 6.2% during the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock valued at $91,860,000 after purchasing an additional 137,150 shares during the period. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of Tenable by 5.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company’s stock valued at $64,629,000 after purchasing an additional 84,669 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Stephen A. Vintz sold 6,499 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $207,838.02. Following the transaction, the chief executive officer owned 331,394 shares in the company, valued at $10,597,980.12. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark C. Thurmond sold 5,577 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $178,352.46. Following the transaction, the chief executive officer owned 75,210 shares in the company, valued at approximately $2,405,215.80. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,845 shares of company stock worth $637,709 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Tenable Stock Performance

Shares of Tenable stock opened at $34.05 on Monday. The company has a market capitalization of $4.16 billion, a PE ratio of -92.01 and a beta of 0.80. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $32.52 and a two-hundred day simple moving average of $35.94. Tenable Holdings, Inc. has a one year low of $28.75 and a one year high of $49.18.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data 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 firm had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

TENB has been the subject of several recent research reports. Truist Financial decreased their price objective on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, March 31st. Morgan Stanley decreased their price objective on Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird decreased their price objective on Tenable from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Wednesday, April 30th. Finally, Stephens downgraded Tenable from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.44.

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.