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

Tenable Holdings, Inc. (NASDAQ:TENB) Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tenable Price Performance

NASDAQ:TENB opened at $25.08 on Friday. The firm’s fifty day moving average is $27.51 and its two-hundred day moving average is $30.08. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -92.89 and a beta of 0.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. Tenable Holdings, Inc. has a one year low of $24.24 and a one year high of $45.44.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $247.43 million. During the same quarter in the previous year, the business posted $0.32 EPS. The business’s quarterly revenue 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. Research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. dropped their price target on shares of 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 price objective on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $42.00 target price on shares of Tenable in a research note on Thursday, October 23rd. Finally, DA Davidson set a $32.00 price target on Tenable in a research note on Thursday, October 30th. Nine investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.94.

Institutional Trading of Tenable

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in shares of Tenable by 1,043.7% in the second quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock worth $109,434,000 after acquiring an additional 2,956,367 shares during the last quarter. Norges Bank purchased a new position in Tenable in the 2nd quarter valued at $47,983,000. Shapiro Capital Management LLC boosted its stake in Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares during the last quarter. Marshall Wace LLP boosted its stake in Tenable by 272.1% during the 2nd quarter. Marshall Wace LLP now owns 1,237,173 shares of the company’s stock worth $41,792,000 after purchasing an additional 904,662 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Tenable by 98.9% during the third quarter. Barclays PLC now owns 1,675,871 shares of the company’s stock worth $48,868,000 after buying an additional 833,125 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.