A Brooke Seawell Sells 115,000 Shares of Tenable (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Tenable Price Performance

TENB traded down $0.01 during trading on Wednesday, hitting $24.66. The company’s stock had a trading volume of 1,744,879 shares, compared to its average volume of 1,169,261. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -91.33 and a beta of 0.73. Tenable Holdings, Inc. has a twelve month low of $24.24 and a twelve month high of $45.44. The business’s fifty day simple moving average is $27.60 and its 200 day simple moving average is $30.12. 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 released its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $247.43 million. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. On average, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TENB has been the topic of several research reports. Scotiabank decreased their target price on Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Needham & Company LLC decreased their price objective on Tenable from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group decreased their price target 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. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tenable has an average rating of “Hold” and a consensus target price of $38.06.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Summit Global Investments boosted its position in shares of Tenable by 5.1% during the 3rd quarter. Summit Global Investments now owns 12,930 shares of the company’s stock valued at $377,000 after acquiring an additional 632 shares during the last quarter. Amundi boosted its holdings in Tenable by 1.2% in the 1st quarter. Amundi now owns 58,149 shares of the company’s stock valued at $1,939,000 after purchasing an additional 676 shares during the last quarter. IVC Wealth Advisors LLC boosted its holdings in Tenable by 10.7% in the 3rd quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock valued at $214,000 after purchasing an additional 711 shares during the last quarter. CI Investments Inc. grew its stake in shares of Tenable by 40.2% in the 3rd quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock valued at $73,000 after buying an additional 713 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Tenable by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,300 shares of the company’s stock worth $271,000 after buying an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.