A Brooke Seawell Sells 4,622 Shares of Tenable (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director A Brooke Seawell sold 4,622 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $30.12, for a total transaction of $139,214.64. Following the transaction, the director owned 15,000 shares in the company, valued at $451,800. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Tenable Trading Down 1.2%

Shares of Tenable stock opened at $30.79 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $31.63 and its 200-day simple moving average is $32.97. The stock has a market cap of $3.73 billion, a P/E ratio of -83.21 and a beta of 0.73. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $247.30 million for the quarter, compared to the consensus estimate of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $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. Analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Tenable in the 2nd quarter worth approximately $37,000. Byrne Asset Management LLC raised its position in Tenable by 115.4% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $47,000 after purchasing an additional 727 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Tenable during the first quarter worth $69,000. Caitong International Asset Management Co. Ltd lifted its stake in Tenable by 743.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock worth $86,000 after purchasing an additional 2,178 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Tenable during the first quarter worth $109,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TENB. Morgan Stanley upped their price objective on shares of Tenable from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. UBS Group lifted their target price on shares of Tenable from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wedbush increased their price target on shares of Tenable from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. DA Davidson raised their price target on shares of Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $38.00 price objective (up from $37.00) on shares of Tenable in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

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.