Jump Financial LLC Buys 34,290 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Jump Financial LLC increased its holdings in Tenable Holdings, Inc. (TENB) by 232.4% in Q1, owning 49,047 shares valued at $1,716,000.
• Several investment firms have raised their price targets for Tenable, with Needham & Company boosting theirs from $35 to $42 and UBS Group increasing theirs from $40 to $43, indicating positive analyst sentiment.
• The company reported $0.34 EPS for the latest quarter, surpassing estimates and showing an 11.8% year-over-year revenue increase, underscoring its growth trajectory.

Jump Financial LLC lifted its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 232.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,047 shares of the company's stock after buying an additional 34,290 shares during the period. Jump Financial LLC's holdings in Tenable were worth $1,716,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TENB. Byrne Asset Management LLC boosted its position in Tenable by 115.4% during 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 during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Tenable during the first quarter worth about $69,000. Caitong International Asset Management Co. Ltd increased its holdings in Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock valued at $86,000 after purchasing an additional 2,178 shares during the period. Quarry LP increased its holdings in Tenable by 307.1% during the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock valued at $104,000 after purchasing an additional 1,999 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Tenable in the 1st quarter worth approximately $109,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Stephen A. Vintz sold 29,196 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 358,949 shares in the company, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 28,500 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $862,125.00. Following the transaction, the chief executive officer directly owned 102,322 shares of the company's stock, valued at $3,095,240.50. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,927 shares of company stock worth $1,815,537 over the last quarter. Insiders own 1.50% of the company's stock.

Tenable Price Performance

Shares of NASDAQ TENB traded down $0.17 during midday trading on Monday, reaching $30.92. The stock had a trading volume of 1,327,146 shares, compared to its average volume of 1,454,678. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44. 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 market capitalization of $3.74 billion, a price-to-earnings ratio of -83.57 and a beta of 0.73. The stock has a 50-day moving average of $32.00 and a 200-day moving average of $33.33.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share 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 during the quarter, compared to analyst estimates of $242.15 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business's quarterly revenue 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. As a group, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TENB shares. Scotiabank raised their target price on shares of Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Wedbush raised their price objective on shares of Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. UBS Group upped their target price on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Morgan Stanley raised their target price on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group reissued a "hold" rating and set a $38.00 price objective (up previously from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.