Nuveen LLC Purchases Shares of 1,009,997 Tenable Holdings, Inc. $TENB

Key Points

• Nuveen LLC acquired approximately 1,009,997 shares of Tenable Holdings, Inc. for around $35.33 million, representing about 0.83% ownership of the company.
• Numerous institutional investors, including Mirae Asset and KBC Group, have increased their stakes in Tenable Holdings during the first quarter, reflecting growing confidence in the company's stock.
• Analysts have raised their price targets for Tenable, with estimates ranging from $34 to $43, and the stock currently holds an average rating of "Moderate Buy."

Nuveen LLC bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,009,997 shares of the company's stock, valued at approximately $35,330,000. Nuveen LLC owned about 0.83% of Tenable as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Tenable by 18.5% during the first 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. KBC Group NV boosted its holdings in Tenable by 19.4% in the first quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after acquiring an additional 919 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Tenable by 41.9% in the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock valued at $2,671,000 after acquiring an additional 20,031 shares during the last quarter. Invesco Ltd. boosted its holdings in Tenable by 15.6% in the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock valued at $3,991,000 after acquiring an additional 13,655 shares during the last quarter. Finally, One68 Global Capital LLC bought a new position in Tenable in the fourth quarter valued at about $591,000. Institutional investors own 89.06% of the company's stock.

Tenable Trading Down 1.1%

NASDAQ:TENB traded down $0.3470 during mid-day trading on Wednesday, hitting $30.3530. The company had a trading volume of 484,870 shares, compared to its average volume of 1,396,289. The firm has a market cap of $3.68 billion, a P/E ratio of -82.05 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 business's fifty day moving average is $32.29 and its two-hundred day moving average is $33.98. Tenable Holdings, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last released 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 company had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.Tenable's revenue was up 11.8% compared to the same quarter last year. During the same quarter last 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. As a group, research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

TENB has been the topic of several recent research reports. Westpark Capital reiterated a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Needham & Company LLC raised their price target on Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wedbush raised their price target on Tenable from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Stephens lowered Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Insider Buying and Selling

In related news, CEO Stephen A. Vintz sold 6,499 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $207,838.02. Following the completion of the transaction, the chief executive officer directly owned 331,394 shares in the company, valued at approximately $10,597,980.12. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 5,577 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $178,352.46. Following the completion of the transaction, the chief executive officer owned 75,210 shares of the company's stock, valued at approximately $2,405,215.80. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,815 shares of company stock worth $669,797. 1.50% of the stock is owned by corporate insiders.

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.