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

Tenable Holdings, Inc. (NASDAQ:TENB) Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website.

Tenable Stock Performance

Tenable stock opened at $24.66 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The firm has a market cap of $2.94 billion, a P/E ratio of -91.33 and a beta of 0.73. Tenable Holdings, Inc. has a 1-year low of $24.24 and a 1-year high of $45.44. The firm has a 50-day moving average of $27.60 and a 200-day moving average of $30.12.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $252.44 million for the quarter, compared to the consensus estimate of $247.43 million. During the same period in the previous year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on TENB. DA Davidson set a $32.00 price objective on shares of Tenable in a report on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $42.00 price objective on shares of Tenable in a report on Thursday, October 23rd. JPMorgan Chase & Co. cut their price objective on Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, October 27th. Scotiabank decreased their target price on Tenable from $37.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Finally, Jefferies Financial Group set a $29.00 target price on Tenable in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tenable presently has a consensus rating of “Hold” and an average price target of $37.94.

Institutional Trading of Tenable

A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Tenable by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,031,226 shares of the company’s stock valued at $36,072,000 after buying an additional 39,132 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Tenable by 6.2% during the first quarter. Invesco Ltd. now owns 107,627 shares of the company’s stock valued at $3,765,000 after acquiring an additional 6,290 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Tenable by 551.2% in the 1st quarter. Russell Investments Group Ltd. now owns 95,815 shares of the company’s stock worth $3,351,000 after purchasing an additional 81,102 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Tenable by 47.2% in the 1st quarter. Raymond James Financial Inc. now owns 100,463 shares of the company’s stock worth $3,515,000 after purchasing an additional 32,226 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Tenable by 7.0% during the 1st quarter. Hsbc Holdings PLC now owns 71,629 shares of the company’s stock valued at $2,462,000 after purchasing an additional 4,686 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

Tenable Company Profile

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.