Ameriprise Financial Inc. Buys 312,299 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Ameriprise Financial Inc. increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.6%, acquiring an additional 312,299 shares, bringing its total ownership to approximately 5,918,686 shares valued at $207 million.
• Several hedge funds, including Nuveen LLC and Alyeska Investment Group, have also made significant moves regarding their positions in Tenable, contributing to a total institutional ownership of 89.06%.
• Tenable's latest quarterly earnings exceeded analyst expectations, reporting $0.34 earnings per share against an estimate of $0.30, with revenues showing an 11.8% year-over-year increase.

Ameriprise Financial Inc. grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,918,686 shares of the company's stock after purchasing an additional 312,299 shares during the period. Ameriprise Financial Inc. owned approximately 4.84% of Tenable worth $207,038,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in Tenable by 41.9% during the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock worth $2,671,000 after acquiring an additional 20,031 shares in the last quarter. Invesco Ltd. boosted its stake in Tenable by 15.6% during the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after acquiring an additional 13,655 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Tenable during the fourth quarter worth about $2,687,000. Dimensional Fund Advisors LP bought a new stake in Tenable during the fourth quarter worth about $10,115,000. Finally, MetLife Investment Management LLC boosted its stake in Tenable by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 71,159 shares of the company's stock worth $2,802,000 after acquiring an additional 3,159 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In other Tenable news, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value 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 $10,858,207.25. This trade represents a 7.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Barron Anschutz sold 1,261 shares of Tenable stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $38,145.25. Following the completion of the transaction, the insider directly owned 59,645 shares of the company's stock, valued at $1,804,261.25. The trade was a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,927 shares of company stock valued at $1,815,537 in the last three months. Corporate insiders own 1.50% of the company's stock.

Tenable Stock Performance

TENB stock traded up $0.22 during midday trading on Thursday, reaching $30.80. 321,227 shares of the company's stock traded hands, compared to its average volume of 1,399,165. Tenable Holdings, Inc. has a 52-week low of $28.51 and a 52-week high of $45.44. The stock has a market cap of $3.73 billion, a P/E ratio of -83.11 and a beta of 0.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The stock's 50-day moving average is $32.06 and its 200 day moving average is $33.55.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The business 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 firm's revenue was up 11.8% on a year-over-year basis. During the same period 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. As a group, analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on TENB shares. Westpark Capital reissued a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of Tenable from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Barclays upped their target price on shares of Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Scotiabank upped their target price on shares of Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird decreased their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Tenable has an average rating of "Moderate Buy" and a consensus target price of $41.06.

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.