MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Tenable Holdings, Inc. $TENB

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Tenable Holdings by 8.1%, acquiring 78,081 shares during the first quarter, bringing its total ownership to approximately 1,047,547 shares worth about $36.6 million.
• Tenable Holdings recently reported earnings per share of $0.34, surpassing analysts' estimates, with revenues of $247.30 million for the quarter, reflecting an 11.8% year-on-year growth.
• Several analysts have recently raised their price targets for Tenable, with a consensus rating of "Moderate Buy" and an average price target of approximately $41.06.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,047,547 shares of the company's stock after buying an additional 78,081 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.86% of Tenable worth $36,643,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Xponance Inc. raised its stake in Tenable by 6.6% in the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after buying an additional 562 shares in the last quarter. Tidal Investments LLC raised its stake in Tenable by 1.8% in the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after buying an additional 564 shares in the last quarter. Fiera Capital Corp raised its stake in Tenable by 1.1% in the first quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after buying an additional 651 shares in the last quarter. Amundi raised its stake in Tenable by 1.2% in the first quarter. Amundi now owns 58,149 shares of the company's stock worth $1,939,000 after buying an additional 676 shares in the last quarter. Finally, Byrne Asset Management LLC raised its stake in 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. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Transactions at Tenable

In related news, CEO Mark C. Thurmond sold 28,500 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total value 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 represents a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barron Anschutz sold 1,261 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 value of $38,145.25. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,549 shares of company stock valued at $1,954,751 in the last quarter. Insiders own 1.50% of the company's stock.

Tenable Stock Performance

Shares of NASDAQ TENB traded up $0.45 during mid-day trading on Thursday, hitting $30.39. The stock had a trading volume of 633,636 shares, compared to its average volume of 1,402,278. 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 50 day moving average of $31.56 and a two-hundred day moving average of $32.95. Tenable Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $45.44. The firm has a market cap of $3.68 billion, a PE ratio of -82.11 and a beta of 0.73.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned $0.31 EPS. The firm'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. Research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on TENB. Jefferies Financial Group reissued a "hold" rating and issued a $38.00 price objective (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Wells Fargo & Company reissued an "overweight" rating and issued a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. UBS Group upped their price target on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus upped their price target on Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, Wedbush upped their price target on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.