Baird Financial Group Inc. Reduces Stock Position in Tenable Holdings, Inc. $TENB

Baird Financial Group Inc. lessened its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 74.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,577 shares of the company’s stock after selling 30,494 shares during the quarter. Baird Financial Group Inc.’s holdings in Tenable were worth $370,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Byrne Asset Management LLC increased its position in Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $47,000 after acquiring an additional 727 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Tenable during the first quarter valued at $69,000. Caitong International Asset Management Co. Ltd increased its position 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 valued at $86,000 after acquiring an additional 2,178 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Tenable during the first quarter valued at $109,000. Finally, KBC Group NV increased its position in Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company’s stock valued at $198,000 after acquiring an additional 919 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In related news, Director A Brooke Seawell sold 4,622 shares of the company’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 directly owned 15,000 shares of the company’s stock, valued at $451,800. This represents a 23.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen A. Vintz sold 29,196 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $883,179.00. Following the sale, the chief executive officer owned 358,949 shares in the company, valued at approximately $10,858,207.25. The trade was a 7.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,549 shares of company stock valued at $1,954,751. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TENB shares. Scotiabank upped their price target on Tenable from $30.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. DA Davidson upped their price target on Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company restated an “overweight” rating and set a $45.00 target price (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $38.00 target price (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Finally, Morgan Stanley lifted their target price on shares of Tenable from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note 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 data from MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and an average price target of $41.06.

Tenable Trading Up 2.0%

Shares of NASDAQ TENB opened at $30.54 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $31.49 and a two-hundred day simple moving average of $32.89. The firm has a market cap of $3.70 billion, a PE ratio of -82.54 and a beta of 0.73. Tenable Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $45.44.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.Tenable’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.