Champlain Investment Partners LLC Has $56.80 Million Stock Position in Tenable Holdings, Inc. $TENB

Key Points

• Champlain Investment Partners LLC reduced their stake in Tenable Holdings, Inc. by 2.4% during the first quarter, holding 1,623,892 shares valued at $56.8 million.
• Analysts have mixed views on Tenable, with Stephens downgrading the stock from "strong-buy" to "hold," while others raised price targets, with a consensus average target of $41.06.
• Insider selling was noted, with CEO Mark C. Thurmond selling 28,500 shares, representing a 21.79% decrease in his holdings.

Champlain Investment Partners LLC reduced its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,623,892 shares of the company's stock after selling 39,892 shares during the period. Champlain Investment Partners LLC owned 1.33% of Tenable worth $56,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. grew its stake in shares of Tenable by 6.6% during the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after purchasing an additional 562 shares during the period. Tidal Investments LLC grew its stake in shares of Tenable by 1.8% during the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after purchasing an additional 564 shares during the period. Fiera Capital Corp grew its stake in shares of Tenable by 1.1% during the first quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after purchasing an additional 651 shares during the period. Byrne Asset Management LLC grew its stake in shares of Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after purchasing an additional 727 shares during the period. Finally, KBC Group NV grew its stake in shares of Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after purchasing an additional 919 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Trading Down 0.5%

TENB stock traded down $0.17 during midday trading on Monday, hitting $30.92. 1,327,146 shares of the company's stock were exchanged, compared to its average volume of 1,454,678. The stock's fifty day moving average price is $32.00 and its 200-day moving average price is $33.33. 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 $3.74 billion, a PE ratio of -83.57 and a beta of 0.73. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $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. Research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TENB. Wells Fargo & Company reaffirmed an "overweight" rating and set a $45.00 price objective (up from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and set a $38.00 price objective (up from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Needham & Company LLC lifted their price objective on Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wedbush lifted their price objective on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, UBS Group lifted their price objective on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.06.

Insider Activity at Tenable

In related news, insider Barron Anschutz sold 1,261 shares of Tenable stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $30.25, for a total value of $38,145.25. Following the sale, the insider owned 59,645 shares of the company's stock, valued at approximately $1,804,261.25. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction dated 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 sale, the chief executive officer directly owned 358,949 shares in the company, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,927 shares of company stock valued at $1,815,537. 1.50% of the stock is owned by insiders.

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.