Nordea Investment Management AB Sells 41,621 Shares of Tenable Holdings, Inc. $TENB

Nordea Investment Management AB lessened its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 12.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 302,495 shares of the company’s stock after selling 41,621 shares during the quarter. Nordea Investment Management AB’s holdings in Tenable were worth $7,151,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Tenable during the second quarter worth $47,983,000. Shapiro Capital Management LLC boosted its stake in Tenable by 38.8% in the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares during the period. Marshall Wace LLP increased its holdings in Tenable by 272.1% during the 2nd quarter. Marshall Wace LLP now owns 1,237,173 shares of the company’s stock worth $41,792,000 after purchasing an additional 904,662 shares in the last quarter. Barclays PLC increased its holdings in Tenable by 98.9% during the 3rd quarter. Barclays PLC now owns 1,675,871 shares of the company’s stock worth $48,868,000 after purchasing an additional 833,125 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Tenable by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 14,962,471 shares of the company’s stock valued at $436,306,000 after purchasing an additional 778,699 shares during the period. Institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the stock in a transaction on Monday, February 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the transaction, the director directly owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Tenable Trading Down 4.4%

Tenable stock opened at $18.11 on Thursday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -60.36 and a beta of 0.67. The firm has a 50-day moving average of $20.96 and a 200-day moving average of $25.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95. Tenable Holdings, Inc. has a one year low of $17.27 and a one year high of $37.10.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The business had revenue of $260.53 million for the quarter, compared to the consensus estimate of $251.79 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. Tenable’s quarterly revenue was up 10.5% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. On average, equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TENB shares. Jefferies Financial Group cut their price target on Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, February 2nd. Wall Street Zen downgraded Tenable from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. UBS Group cut their target price on Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. DA Davidson reduced their price target on Tenable from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average target price of $30.50.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.