EP Wealth Advisors LLC Makes New $322,000 Investment in 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 acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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. Ameriprise Financial Inc. raised its stake in shares of Tenable by 5.6% in the first quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock valued at $207,038,000 after acquiring an additional 312,299 shares in the last quarter. RGM Capital LLC raised its stake in Tenable by 2.0% in the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company's stock valued at $131,966,000 after buying an additional 72,607 shares in the last quarter. Penserra Capital Management LLC raised its stake 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 buying an additional 544,375 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Tenable by 16.0% in the first quarter. The Manufacturers Life Insurance Company now owns 1,129,790 shares of the company's stock valued at $39,520,000 after buying an additional 155,560 shares in the last quarter. Finally, Shapiro Capital Management LLC raised its stake 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 buying an additional 918,235 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of NASDAQ TENB traded down $0.58 during midday trading on Friday, reaching $29.97. 465,277 shares of the company were exchanged, compared to its average volume of 1,399,995. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. Tenable Holdings, Inc. has a 1 year low of $28.51 and a 1 year high of $45.44. The stock has a fifty day simple moving average of $31.49 and a 200 day simple moving average of $32.89. The stock has a market cap of $3.63 billion, a P/E ratio of -81.05 and a beta of 0.73.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. During the same quarter last year, the company posted $0.31 earnings per share. The business's revenue was up 11.8% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. On average, research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TENB. Morgan Stanley raised their price target on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Needham & Company LLC raised their price target on Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. UBS Group raised their price target on Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wedbush lifted their target price on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen cut Tenable from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Nine 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 presently has a consensus rating of "Moderate Buy" and an average price target of $41.06.

Insiders Place Their Bets

In other news, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction 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 trade represents a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 4,622 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total value of $139,214.64. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders sold a total of 64,549 shares of company stock worth $1,954,751 over the last quarter. 1.50% of the stock is owned by company insiders.

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.