Harbor Capital Advisors Inc. Has $9.57 Million Stock Holdings in Tenable Holdings, Inc. $TENB

Key Points

• Harbor Capital Advisors Inc. increased its stake in Tenable Holdings, Inc. by 9.3%, holding approximately $9.57 million worth of shares after acquiring an additional 24,075 shares in the second quarter.
• Recent analysts' reports have generally been positive, with several firms raising their price targets for Tenable, leading to a current average rating of "Moderate Buy" and a consensus target price of $41.06.
• During its latest quarter, Tenable reported earnings per share of $0.34, surpassing expectations, with revenue growth of 11.8% year-over-year.

Harbor Capital Advisors Inc. increased its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,368 shares of the company's stock after purchasing an additional 24,075 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.23% of Tenable worth $9,572,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Tenable by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after purchasing an additional 1,682 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Tenable during the first quarter worth about $466,000. KBC Group NV grew its position 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 buying an additional 919 shares in the last quarter. GAMMA Investing LLC grew its holdings in Tenable by 5,032.7% during the 1st quarter. GAMMA Investing LLC now owns 10,214 shares of the company's stock worth $357,000 after acquiring an additional 10,015 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Tenable by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,031,226 shares of the company's stock valued at $36,072,000 after buying an additional 39,132 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In related news, CEO Mark C. Thurmond sold 28,500 shares of the firm's 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 $862,125.00. Following the completion of the sale, the chief executive officer directly owned 102,322 shares in the company, valued at approximately $3,095,240.50. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total transaction of $139,214.64. Following the completion of the sale, 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 have sold 64,549 shares of company stock valued at $1,954,751 in the last quarter. 1.50% of the stock is owned by insiders.

Tenable Trading Down 0.5%

TENB traded down $0.15 during trading on Friday, hitting $30.23. The company's stock had a trading volume of 2,886,721 shares, compared to its average volume of 1,340,358. The stock has a market cap of $3.66 billion, a PE ratio of -81.70 and a beta of 0.73. The firm's 50 day moving average price is $30.97 and its 200-day moving average price is $32.56. Tenable Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $45.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Barclays raised their price objective on shares of Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Tenable from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Needham & Company LLC lifted their price target on shares of Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $38.00 price objective (up from $37.00) on shares of Tenable in a 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, Tenable presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

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.