Tenable Holdings, Inc. $TENB Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 42.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,345 shares of the company’s stock after purchasing an additional 18,712 shares during the period. Intech Investment Management LLC owned about 0.05% of Tenable worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. lifted its position in Tenable by 6.6% during the first quarter. Xponance Inc. now owns 9,021 shares of the company’s stock valued at $316,000 after purchasing an additional 562 shares during the period. Tidal Investments LLC lifted its position in Tenable by 1.8% during the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company’s stock valued at $1,263,000 after purchasing an additional 564 shares during the period. Fiera Capital Corp lifted its position in Tenable by 1.1% during the first quarter. Fiera Capital Corp now owns 59,626 shares of the company’s stock valued at $2,086,000 after purchasing an additional 651 shares during the period. Amundi lifted its position in Tenable by 1.2% during the first 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 period. Finally, Byrne Asset Management LLC lifted 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 purchasing an additional 727 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Performance

Tenable stock opened at $29.59 on Tuesday. The firm has a 50 day simple moving average of $31.31 and a 200-day simple moving average of $32.70. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44. 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 has a market cap of $3.58 billion, a price-to-earnings ratio of -79.97 and a beta of 0.73.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior 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. On average, analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

TENB has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Tenable from $33.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Needham & Company LLC upped their price objective on shares of Tenable from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. DA Davidson upped their price objective on shares of Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Morgan Stanley upped their price objective on shares of Tenable from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $38.00 price objective (up previously from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.06.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 28,500 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $862,125.00. Following the completion of the transaction, the chief executive officer owned 102,322 shares of the company’s stock, valued at approximately $3,095,240.50. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Barron Anschutz sold 1,261 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $38,145.25. Following the transaction, the insider directly owned 59,645 shares of the company’s stock, valued at $1,804,261.25. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,549 shares of company stock worth $1,954,751. Company insiders own 1.50% of the company’s stock.

Tenable 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.