Harbor Capital Advisors Inc. Sells 190,696 Shares of Tenable Holdings, Inc. $TENB

Harbor Capital Advisors Inc. lowered its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 67.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,672 shares of the company’s stock after selling 190,696 shares during the period. Harbor Capital Advisors Inc. owned 0.08% of Tenable worth $2,702,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TENB. Ameriprise Financial Inc. grew its position in Tenable by 9.3% in the second quarter. Ameriprise Financial Inc. now owns 6,466,182 shares of the company’s stock worth $218,428,000 after acquiring an additional 547,496 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in 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 purchasing an additional 2,956,367 shares in the last quarter. State Street Corp increased its position in Tenable by 1.4% during the second quarter. State Street Corp now owns 3,056,055 shares of the company’s stock worth $103,234,000 after buying an additional 43,098 shares during the last quarter. First Trust Advisors LP raised its holdings in Tenable by 10.4% during the second quarter. First Trust Advisors LP now owns 2,937,689 shares of the company’s stock valued at $99,235,000 after buying an additional 276,211 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Tenable by 1.5% in the second quarter. Geode Capital Management LLC now owns 2,906,858 shares of the company’s stock worth $98,206,000 after buying an additional 42,223 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Barron Anschutz sold 976 shares of Tenable stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $29.10, for a total transaction of $28,401.60. Following the sale, the insider directly owned 61,420 shares of the company’s stock, valued at $1,787,322. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by company insiders.

Tenable Trading Down 0.2%

Shares of Tenable stock opened at $24.17 on Friday. Tenable Holdings, Inc. has a 1 year low of $23.97 and a 1 year high of $45.44. The company’s fifty day simple moving average is $27.03 and its 200-day simple moving average is $29.80. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -89.50 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $252.44 million for the quarter, compared to analyst estimates of $247.43 million. Tenable’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on TENB shares. Needham & Company LLC lowered their price objective on Tenable from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Canaccord Genuity Group lowered their price target on Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $42.00 price target on shares of Tenable in a research report on Thursday, October 23rd. 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 report on Thursday, October 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Nine research 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.com, Tenable currently has an average rating of “Hold” and a consensus price target of $37.94.

Tenable Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.