Tenable (NASDAQ:TENB) Director Sells $24,674.40 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 690 shares of Tenable stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $35.76, for a total transaction of $24,674.40. Following the sale, the director owned 7,012 shares in the company, valued at $250,749.12. This represents a 8.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, August 18th, Linda Kay Zecher sold 700 shares of Tenable stock. The shares were sold at an average price of $35.46, for a total transaction of $24,822.00.

Tenable Price Performance

Shares of TENB stock opened at $34.38 on Friday. The firm has a fifty day simple moving average of $34.76 and a 200-day simple moving average of $26.07. The company has a market capitalization of $3.79 billion, a PE ratio of 687.74 and a beta of 0.94. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $43.67. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

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

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently modified their holdings of TENB. Firetrail Investments PTY Ltd. bought a new position in Tenable during the 2nd quarter worth approximately $8,389,000. Dimensional Fund Advisors LP increased its holdings in shares of Tenable by 231.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after acquiring an additional 570,760 shares during the last quarter. UBS Group AG raised its position in shares of Tenable by 327.6% during 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 raised its position in shares of Tenable by 175.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after acquiring an additional 2,375,587 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Tenable by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after purchasing an additional 465,039 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TENB. Needham & Company LLC boosted their price target on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays lowered their price objective on Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. DA Davidson lifted their price objective on Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective on the stock in a report on Monday, July 6th. Finally, Canaccord Genuity Group increased their target price on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Tenable has an average rating of “Hold” and a consensus 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.