EP Wealth Advisors LLC Acquires Shares of 9,197 Tenable Holdings, Inc. $TENB

Key Points

• EP Wealth Advisors LLC has acquired a new stake of 9,197 shares in Tenable Holdings, Inc. valued at approximately $322,000 during the first quarter.
• Institutional investors now own 89.06% of Tenable's stock, with several hedge funds increasing their positions significantly, including a 828.5% stake increase by Cubist Systematic Strategies LLC.
• Tenable reported $0.34 earnings per share in its latest quarterly results, exceeding analyst expectations and showing an 11.8% revenue increase year-over-year.

EP Wealth Advisors LLC bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,197 shares of the company's stock, valued at approximately $322,000.

Several other hedge funds have also modified their holdings of the stock. Byrne Asset Management LLC increased its stake in Tenable by 115.4% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after purchasing an additional 727 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Tenable in the first quarter worth about $69,000. Caitong International Asset Management Co. Ltd increased its position in shares of Tenable by 743.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock worth $86,000 after acquiring an additional 2,178 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Tenable during the first quarter valued at approximately $109,000. Finally, KBC Group NV raised its holdings in shares of Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after acquiring an additional 919 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TENB has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a $38.00 price objective (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Morgan Stanley raised their target price on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded Tenable from a "buy" rating to a "strong-buy" rating in a report on Saturday. DA Davidson raised their price objective on Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, UBS Group raised their price objective on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Tenable has a consensus rating of "Moderate Buy" and an average price target of $41.06.

Insider Transactions at Tenable

In related news, Director A Brooke Seawell sold 4,622 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the completion of the transaction, the director directly owned 15,000 shares of the company's stock, valued at $451,800. This trade represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief executive officer directly owned 358,949 shares of the company's stock, valued at approximately $10,858,207.25. The trade was a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,549 shares of company stock valued at $1,954,751 in the last ninety days. 1.50% of the stock is owned by company insiders.

Tenable Stock Performance

Shares of Tenable stock traded down $0.64 during trading on Friday, reaching $29.90. The company's stock had a trading volume of 853,670 shares, compared to its average volume of 1,336,422. 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 firm has a market cap of $3.62 billion, a price-to-earnings ratio of -80.81 and a beta of 0.73. The business's fifty day moving average price is $31.40 and its 200-day moving average price is $32.80.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data 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. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The company had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. During the same period in the prior year, the business earned $0.31 earnings per share. Tenable's revenue for the quarter was up 11.8% compared to the same quarter last year. 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, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

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.