8,316 Shares in Tenable Holdings, Inc. $TENB Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,316 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds have also 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 worth $47,000 after acquiring an additional 727 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in Tenable during the first quarter worth $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 worth $86,000 after acquiring an additional 2,178 shares during the period. Headlands Technologies LLC acquired a new stake in Tenable during the first quarter worth $109,000. Finally, KBC Group NV boosted its stake in Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company’s stock worth $198,000 after buying an additional 919 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Tenable Stock Up 2.4%

Shares of NASDAQ TENB opened at $29.90 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -80.81 and a beta of 0.73. The firm’s 50-day simple moving average is $30.08 and its 200 day simple moving average is $31.93.

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

Analyst Ratings Changes

A number of research firms have weighed in on TENB. Jefferies Financial Group reiterated a “hold” rating and set a $38.00 price target (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Tenable from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Stifel Nicolaus lifted their price target on shares of Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $45.00 price target (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.06.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 29,196 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $883,179.00. Following the transaction, the chief executive officer directly owned 358,949 shares in the company, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 28,500 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $862,125.00. Following the transaction, the chief executive officer owned 102,322 shares in the company, valued at approximately $3,095,240.50. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,549 shares of company stock valued at $1,954,751. 1.50% of the stock is currently owned by company insiders.

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.