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

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 7.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 51,824 shares of the company’s stock after selling 4,132 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tenable were worth $2,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Tenable in the second quarter valued at approximately $1,769,000. Bank of New York Mellon Corp grew its position in Tenable by 11.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock valued at $37,833,000 after buying an additional 89,677 shares during the last quarter. Vanderbilt University increased its stake in Tenable by 31.4% in the 2nd quarter. Vanderbilt University now owns 129,576 shares of the company’s stock valued at $5,647,000 after buying an additional 30,962 shares during the period. Diversified Trust Co raised its position in Tenable by 35.7% during the 2nd quarter. Diversified Trust Co now owns 17,318 shares of the company’s stock worth $755,000 after buying an additional 4,552 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Tenable by 314.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,963 shares of the company’s stock worth $1,349,000 after acquiring an additional 23,497 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TENB has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Piper Sandler dropped their target price on Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. DA Davidson cut Tenable from a “buy” rating to a “neutral” rating and reduced their price target for the company from $56.00 to $40.00 in a report on Thursday, August 1st. Stifel Nicolaus dropped their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Truist Financial reissued a “buy” rating and issued a $55.00 target price (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.00.

Tenable Stock Performance

NASDAQ:TENB opened at $41.28 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $4.91 billion, a P/E ratio of -71.17 and a beta of 0.86. The firm has a 50-day moving average price of $42.52 and a two-hundred day moving average price of $44.49. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50.

Tenable (NASDAQ:TENB) last released its quarterly earnings results 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 net margin of 7.77% and a negative return on equity of 7.63%. As a group, research analysts expect that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $236,847.75. Following the sale, the chief executive officer now directly owns 39,309 shares in the company, valued at $1,641,150.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the sale, the chief financial officer now owns 278,493 shares in the company, valued at $11,627,082.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,469 shares of company stock valued at $2,429,076. Corporate insiders own 4.30% of the company’s stock.

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.