Stephen Vintz Sells 29,196 Shares of Tenable (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Stephen Vintz sold 29,196 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $883,179.00. Following the sale, the chief executive officer directly owned 358,949 shares in the company, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tenable Price Performance

NASDAQ:TENB opened at $30.58 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The business’s 50-day simple moving average is $32.06 and its two-hundred day simple moving average is $33.55. The stock has a market cap of $3.70 billion, a PE ratio of -82.65 and a beta of 0.76. Tenable Holdings, Inc. has a 52 week low of $28.51 and a 52 week high of $45.44.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. As a group, analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. DA Davidson boosted their price target on shares of Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Stephens cut shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $38.00 price target (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Wells Fargo & Company reiterated an “overweight” rating and issued a $45.00 price target (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of Tenable from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.06.

Institutional Trading of Tenable

Hedge funds have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of Tenable during the 2nd quarter valued at about $37,000. Johnson Financial Group Inc. purchased a new stake in shares of Tenable during the 4th quarter valued at about $53,000. Byrne Asset Management LLC raised its position in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $47,000 after buying an additional 727 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Tenable during the 1st quarter valued at about $69,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in 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. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

About Tenable

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.