Skandinaviska Enskilda Banken AB publ Acquires 302,990 Shares of Tenable Holdings, Inc. $TENB

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 293.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 406,202 shares of the company’s stock after buying an additional 302,990 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.34% of Tenable worth $13,722,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new position in Tenable in the second quarter valued at about $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Tenable in the 1st quarter valued at approximately $69,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock valued at $86,000 after purchasing an additional 2,178 shares during the last quarter. Headlands Technologies LLC acquired a new position in Tenable during the 1st quarter worth approximately $109,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Tenable by 546.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,816 shares of the company’s stock worth $203,000 after purchasing an additional 4,917 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Up 1.0%

Shares of TENB opened at $26.53 on Friday. The stock’s 50-day moving average price is $28.52 and its two-hundred day moving average price is $30.69. Tenable Holdings, Inc. has a 12 month low of $25.28 and a 12 month high of $45.44. The company has a market capitalization of $3.17 billion, a PE ratio of -98.26 and a beta of 0.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $252.44 million during the quarter, compared to analyst estimates of $247.43 million. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. On average, analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TENB shares. Canaccord Genuity Group decreased their target price on shares of Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. DA Davidson set a $32.00 price objective on Tenable in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Needham & Company LLC dropped their target price on Tenable from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Barclays reduced their price target on Tenable from $39.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tenable has an average rating of “Hold” and a consensus target price of $38.63.

Insider Activity at Tenable

In other news, Director A Brooke Seawell sold 4,622 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total transaction of $139,214.64. Following the completion of the sale, the director directly owned 15,000 shares in the company, valued at $451,800. This represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Barron Anschutz sold 976 shares of Tenable stock in a transaction on Friday, October 17th. The stock was sold at an average price of $29.10, for a total transaction of $28,401.60. Following the transaction, the insider directly owned 61,420 shares of the company’s stock, valued at $1,787,322. This represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by company insiders.

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.