Emerald Mutual Fund Advisers Trust Sells 46,866 Shares of Tenable Holdings, Inc. $TENB

Emerald Mutual Fund Advisers Trust reduced its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 15.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,506 shares of the company’s stock after selling 46,866 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.20% of Tenable worth $7,217,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Tenable by 23.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,212 shares of the company’s stock valued at $939,000 after acquiring an additional 6,056 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Tenable by 63.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,627 shares of the company’s stock worth $398,000 after purchasing an additional 5,311 shares during the period. Stephens Investment Management Group LLC raised its position in Tenable by 12.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,101,773 shares of the company’s stock valued at $32,128,000 after purchasing an additional 120,145 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Tenable by 56.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 72,365 shares of the company’s stock worth $2,110,000 after buying an additional 26,001 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Tenable by 4.3% in the 3rd quarter. Nordea Investment Management AB now owns 344,116 shares of the company’s stock worth $10,084,000 after buying an additional 14,070 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Performance

TENB stock opened at $22.73 on Friday. Tenable Holdings, Inc. has a one year low of $21.55 and a one year high of $45.44. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -84.19 and a beta of 0.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50-day simple moving average of $24.70 and a two-hundred day simple moving average of $28.42.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $252.44 million during the quarter, compared to analysts’ expectations of $247.43 million. During the same period in the previous year, the firm earned $0.32 EPS. The firm’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. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, Director A Brooke Seawell sold 115,000 shares of the 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays cut their price target on Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Jefferies Financial Group set a $29.00 target price on shares of Tenable in a research report on Tuesday, December 16th. DA Davidson set a $32.00 price target on shares of Tenable in a report on Thursday, October 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $42.00 price target on shares of Tenable in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. cut their price objective 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. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.82.

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.