Tenable Holdings, Inc. $TENB Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 3.9% during the first quarter, now owning approximately 1,031,226 shares valued at around $36 million.
• Analysts have mixed views on Tenable, with JPMorgan Chase & Co. and Robert W. Baird reducing their price targets, while Wedbush increased theirs; the consensus rating is a "Moderate Buy" with an average target price of $41.06.
• Insider selling occurred recently, with CEO Mark C. Thurmond selling 5,577 shares at an average price of $31.98, indicating a 6.90% decrease in his ownership of the stock.

Charles Schwab Investment Management Inc. boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,031,226 shares of the company's stock after buying an additional 39,132 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of Tenable worth $36,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Tenable by 6.2% in the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock worth $91,860,000 after acquiring an additional 137,150 shares during the period. Penserra Capital Management LLC grew its holdings in Tenable by 47.6% in the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock valued at $59,031,000 after purchasing an additional 544,375 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in Tenable by 5.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock valued at $64,629,000 after purchasing an additional 84,669 shares during the last quarter. Northern Trust Corp grew its holdings in Tenable by 7.8% in the fourth quarter. Northern Trust Corp now owns 1,187,857 shares of the company's stock valued at $46,778,000 after purchasing an additional 85,485 shares during the last quarter. Finally, Shapiro Capital Management LLC grew its holdings in Tenable by 647.5% in the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock valued at $41,745,000 after purchasing an additional 918,235 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Buying and Selling

In other news, CEO Mark C. Thurmond sold 2,483 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $80,573.35. Following the transaction, the chief executive officer directly owned 72,727 shares of the company's stock, valued at approximately $2,359,991.15. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Barron Anschutz sold 970 shares of the business's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.08, for a total transaction of $32,087.60. Following the transaction, the insider directly owned 58,311 shares in the company, valued at approximately $1,928,927.88. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,494 shares of company stock valued at $243,791. Corporate insiders own 1.50% of the company's stock.

Tenable Trading Up 2.0%

Shares of TENB traded up $0.60 during mid-day trading on Friday, reaching $30.68. The company had a trading volume of 1,302,210 shares, compared to its average volume of 1,605,926. Tenable Holdings, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $45.44. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of -82.92 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 firm has a fifty day simple moving average of $32.21 and a 200-day simple moving average of $33.78.

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, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $247.30 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TENB shares. Stifel Nicolaus increased their price objective on shares of Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Needham & Company LLC increased their target price on Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Morgan Stanley increased their price objective on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. DA Davidson increased their price objective on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

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.