Cwm LLC Grows Holdings in Tenable Holdings, Inc. $TENB

Cwm LLC raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 59.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,224 shares of the company’s stock after purchasing an additional 3,423 shares during the quarter. Cwm LLC’s holdings in Tenable were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Xponance Inc. boosted its position in Tenable by 6.6% in the 1st quarter. Xponance Inc. now owns 9,021 shares of the company’s stock valued at $316,000 after buying an additional 562 shares during the period. Fiera Capital Corp raised its stake in shares of 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 acquiring an additional 651 shares in the last quarter. Amundi boosted its holdings in shares of Tenable by 1.2% in 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. KBC Group NV grew its stake in Tenable by 19.4% in the first quarter. KBC Group NV now owns 5,652 shares of the company’s stock worth $198,000 after purchasing an additional 919 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in Tenable by 12.8% during the 2nd quarter. Fulton Bank N.A. now owns 10,260 shares of the company’s stock worth $347,000 after purchasing an additional 1,167 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Tenable Price Performance

Shares of TENB opened at $30.30 on Monday. The company has a 50 day moving average of $30.01 and a two-hundred day moving average of $31.51. 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 twelve month low of $28.51 and a twelve month high of $45.44. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -81.89 and a beta of 0.73.

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

Insider Activity at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 28,500 shares of the business’s 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 sale, the chief executive officer owned 102,322 shares of the company’s stock, valued at approximately $3,095,240.50. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen A. Vintz sold 29,196 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $883,179.00. Following the completion of the transaction, the chief executive officer directly owned 358,949 shares of the company’s stock, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,555 shares of company stock valued at $1,951,065 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wedbush increased their price target on Tenable from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Wall Street Zen cut shares of Tenable from a “strong-buy” rating to a “buy” rating in a report on Saturday. Cantor Fitzgerald reissued an “overweight” rating and set a $42.00 target price on shares of Tenable in a research report on Thursday. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $45.00 price target (up previously from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Finally, UBS Group lifted their price objective on shares of Tenable from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.19.

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.