Barron Anschutz Sells 976 Shares of Tenable (NASDAQ:TENB) Stock

Key Points

• Barron Anschutz, an insider at Tenable Holdings, sold 976 shares of the company's stock at an average price of $29.10, resulting in a total transaction of $28,401.60, which represents a 1.56% decrease in his position.
• Tenable's stock is currently trading at $29.76, with a market cap of $3.60 billion and a price-to-earnings ratio of -80.43.
• Analysts have a consensus rating of "Hold" for Tenable shares, with an average target price of $40.69, reflecting positive growth expectations for the company.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) insider Barron Anschutz sold 976 shares of the company's stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $29.10, for a total transaction of $28,401.60. Following the completion of the sale, the insider directly owned 61,420 shares of the company's stock, valued at $1,787,322. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Barron Anschutz also recently made the following trade(s):

• On Monday, August 25th, Barron Anschutz sold 1,261 shares of Tenable stock. The shares were sold at an average price of $30.25, for a total transaction of $38,145.25.

Tenable Trading Up 2.5%

NASDAQ:TENB traded up $0.73 during trading hours on Monday, hitting $29.76. The stock had a trading volume of 936,182 shares, compared to its average volume of 1,383,248. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $3.60 billion, a price-to-earnings ratio of -80.43 and a beta of 0.73. The business's 50 day moving average is $29.96 and its 200-day moving average is $31.58.

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

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Tenable by 18.6% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 19,122 shares of the company's stock worth $558,000 after acquiring an additional 3,000 shares in the last quarter. CWM LLC raised its position in Tenable by 170.5% during the third quarter. CWM LLC now owns 24,954 shares of the company's stock worth $728,000 after acquiring an additional 15,730 shares in the last quarter. Pacer Advisors Inc. raised its position in Tenable by 16,873.5% during the third quarter. Pacer Advisors Inc. now owns 376,981 shares of the company's stock worth $10,993,000 after acquiring an additional 374,760 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Tenable during the third quarter worth $45,000. Finally, IVC Wealth Advisors LLC raised its position in Tenable by 10.7% during the third quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company's stock worth $214,000 after acquiring an additional 711 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TENB has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wedbush upped their price target on shares of Tenable from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Tenable from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Jefferies Financial Group restated a "hold" rating and set a $38.00 target price (up previously from $37.00) on shares of Tenable in a report on Thursday, July 31st. Finally, Stifel Nicolaus increased their target price on shares of Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $40.69.

Tenable Company 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.

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