Ieq Capital LLC Reduces Position in Tenable Holdings, Inc. $TENB

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 cut its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Byrne Asset Management LLC boosted its holdings in shares of Tenable by 115.4% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after buying an additional 727 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Tenable in the 1st quarter valued at $69,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Tenable by 743.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock valued at $86,000 after buying an additional 2,178 shares in the last quarter. Quarry LP boosted its holdings in shares of Tenable by 307.1% in the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock valued at $104,000 after buying an additional 1,999 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Tenable in the 1st quarter valued at $109,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Transactions at Tenable

In other news, CEO Mark C. Thurmond sold 28,500 shares of the firm's 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 in the company, valued at approximately $3,095,240.50. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen A. Vintz sold 29,196 shares of the firm's stock in a transaction 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 owned 358,949 shares of the company's stock, valued at $10,858,207.25. This trade represents a 7.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,927 shares of company stock worth $1,815,537. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TENB shares. Wedbush upped their target price on shares of Tenable from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Stephens cut shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. UBS Group upped their target price on shares of Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, July 31st. DA Davidson upped their target price on shares of Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $38.00 price target (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

Tenable Stock Up 3.5%

TENB stock opened at $30.58 on Thursday. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44. The stock has a market capitalization of $3.70 billion, a PE ratio of -82.65 and a beta of 0.76. 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 company has a fifty day moving average of $32.06 and a 200-day moving average of $33.55.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The company had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. During the same quarter last year, the business earned $0.31 EPS. 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. As a group, analysts expect that Tenable Holdings, Inc. will post 0.12 EPS 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.

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