Tenable Holdings, Inc. $TENB Holdings Cut by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. reduced its holdings in Tenable Holdings, Inc. by 77.4%, decreasing from 99,198 shares to 22,402 shares, which are valued at approximately $784,000.
• CEO Mark C. Thurmond sold 28,500 shares of Tenable stock for about $862,125, which represents a 21.79% decrease in his ownership after the sale.
• Analysts have recently increased price targets for Tenable, with Needham & Company raising theirs from $35.00 to $42.00 and maintaining a "buy" rating.

Graham Capital Management L.P. trimmed its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 77.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,402 shares of the company's stock after selling 76,796 shares during the quarter. Graham Capital Management L.P.'s holdings in Tenable were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TENB. Ameriprise Financial Inc. increased its stake in shares of Tenable by 5.6% during 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 during the period. RGM Capital LLC lifted its position in Tenable by 2.0% in the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company's stock worth $131,966,000 after purchasing an additional 72,607 shares during the period. Penserra Capital Management LLC boosted its stake in Tenable by 47.6% during the 1st 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 in the last quarter. Northern Trust Corp increased its position in shares of Tenable by 7.8% during the 4th 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 period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Tenable by 16.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,129,790 shares of the company's stock valued at $39,520,000 after purchasing an additional 155,560 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Insider Activity

In other Tenable news, insider Barron Anschutz sold 1,261 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 $38,145.25. Following the transaction, the insider directly owned 59,645 shares in the company, valued at approximately $1,804,261.25. The trade was a 2.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 28,500 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $862,125.00. Following the completion of the sale, the chief executive officer owned 102,322 shares of the company's stock, valued at $3,095,240.50. The trade was a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,927 shares of company stock worth $1,815,537 over the last 90 days. 1.50% of the stock is owned by company insiders.

Tenable Trading Up 2.2%

Shares of NASDAQ:TENB traded up $0.67 during midday trading on Friday, reaching $31.05. The company had a trading volume of 1,953,415 shares, compared to its average volume of 1,370,785. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -83.92 and a beta of 0.73. The company has a fifty day simple moving average of $31.74 and a two-hundred day simple moving average of $33.04.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $247.30 million for the quarter, compared to the consensus estimate of $242.15 million. During the same quarter in the previous year, the company earned $0.31 EPS. The business'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. Research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays upped their price objective on Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Needham & Company LLC boosted their price target on shares of Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company reissued an "overweight" rating and issued a $45.00 price target (up from $40.00) on shares of Tenable in a report on Thursday, July 31st. UBS Group lifted their price objective on shares of Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $38.00 target price (up from $37.00) on shares of Tenable in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

About Tenable

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.