Tenable Holdings, Inc. $TENB Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC has reduced its position in Tenable Holdings, Inc. by 2.5% in the first quarter, now holding 381,723 shares valued at approximately $13.35 million.
• Notable changes in other large investors' holdings include Byrne Asset Management increasing its stake by 115.4% and Caitong International Asset Management increasing by 743.3% during the same period.
• Tenable's stock has experienced a recent price increase of 3.5% and analysts have given it a consensus rating of "Moderate Buy" with an average target price of $41.06.

Ieq Capital LLC trimmed its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,723 shares of the company's stock after selling 9,914 shares during the period. Ieq Capital LLC owned 0.31% of Tenable worth $13,353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Byrne Asset Management LLC lifted its stake in shares of Tenable by 115.4% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after buying an additional 727 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Tenable during the first quarter valued at about $69,000. Caitong International Asset Management Co. Ltd increased its position in shares of Tenable by 743.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock valued at $86,000 after acquiring an additional 2,178 shares during the last quarter. Quarry LP grew its holdings in shares of Tenable by 307.1% in the fourth quarter. Quarry LP now owns 2,650 shares of the company's stock valued at $104,000 after purchasing an additional 1,999 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Tenable in the first quarter valued at approximately $109,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Trading Down 2.6%

Shares of NASDAQ TENB traded down $0.80 during midday trading on Tuesday, reaching $30.12. 301,204 shares of the stock were exchanged, compared to its average volume of 1,400,312. The company has a market capitalization of $3.65 billion, a P/E ratio of -81.28 and a beta of 0.73. Tenable Holdings, Inc. has a 52-week low of $28.51 and a 52-week high of $45.44. 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 stock has a 50 day moving average price of $31.95 and a 200-day moving average price of $33.28.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The business 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 period in the previous year, the firm posted $0.31 earnings per share. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Equities research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Barron Anschutz sold 1,261 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 value of $38,145.25. Following the sale, the insider directly owned 59,645 shares of the company's stock, valued at approximately $1,804,261.25. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen A. Vintz sold 29,196 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was 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 $10,858,207.25. This represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,927 shares of company stock valued at $1,815,537. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Tenable from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. DA Davidson increased their price target on shares of Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Wedbush increased their price target on shares of Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Scotiabank increased their price target on shares of Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their price target 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. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.