Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,281 shares of the company’s stock after purchasing an additional 457 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tenable were worth $2,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Tenable by 1.8% during the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after buying an additional 276 shares in the last quarter. Covestor Ltd grew its position in Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Xponance Inc. raised its stake in Tenable by 5.5% during the 2nd quarter. Xponance Inc. now owns 7,441 shares of the company’s stock valued at $324,000 after purchasing an additional 389 shares during the period. Fulton Bank N.A. lifted its holdings in shares of Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock valued at $332,000 after purchasing an additional 443 shares in the last quarter. Finally, Olympiad Research LP boosted its position in shares of Tenable by 11.1% in the third quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after buying an additional 528 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TENB shares. Piper Sandler reduced their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Barclays reduced their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday. Robert W. Baird decreased their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th. Six 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.63.

Tenable Price Performance

Shares of Tenable stock opened at $42.42 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a fifty day simple moving average of $41.33 and a 200-day simple moving average of $41.60. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -83.18 and a beta of 0.83. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 2,343 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the completion of the transaction, the chief operating officer now directly owns 37,188 shares in the company, valued at $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen A. Vintz sold 2,801 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was 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. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock valued at $862,879 in the last quarter. Insiders own 4.30% of the company’s stock.

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.