Tenable (NASDAQ:TENB) Director Linda Kay Zecher Sells 700 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 700 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $35.46, for a total value of $24,822.00. Following the transaction, the director owned 7,702 shares of the company’s stock, valued at approximately $273,112.92. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Linda Kay Zecher also recently made the following trade(s):

• On Wednesday, August 19th, Linda Kay Zecher sold 690 shares of Tenable stock. The shares were sold at an average price of $35.76, for a total transaction of $24,674.40.

Tenable Trading Down 3.3%

NASDAQ:TENB opened at $34.11 on Friday. The business’s 50 day moving average is $34.61 and its two-hundred day moving average is $26.01. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $43.67. The company has a market cap of $3.76 billion, a PE ratio of 682.34 and a beta of 0.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, analysts predict that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently modified their holdings of TENB. Firetrail Investments PTY Ltd. acquired a new position in shares of Tenable in the 2nd quarter valued at $8,389,000. Dimensional Fund Advisors LP raised its holdings in Tenable by 231.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock worth $13,827,000 after buying an additional 570,760 shares during the period. UBS Group AG lifted its position in Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after acquiring an additional 2,369,402 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after buying an additional 2,375,587 shares during the period. Finally, Vanguard Group Inc. boosted its position in Tenable by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after acquiring an additional 465,039 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TENB shares. Stephens boosted their target price on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on shares of Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. DA Davidson raised their target price on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Needham & Company LLC increased their price objective on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Morgan Stanley set a $27.00 target price on Tenable in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average target price of $34.68.

About Tenable

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.