Philadelphia Trust Co. Has $3.15 Million Stock Holdings in Tenable Holdings, Inc. $TENB

Key Points

• Philadelphia Trust Co. has reduced its stake in Tenable Holdings, Inc. by 10.0%, selling 10,000 shares during the first quarter, leaving it with 90,000 shares valued at approximately $3.15 million.
• Several large investors made significant changes to their holdings, with Shapiro Capital Management LLC increasing its position by 647.5%, now owning over 1 million shares valued at around $41.7 million.
• Tenable recently reported a quarterly EPS of $0.34, beating expectations, and has an average analyst rating of "Moderate Buy" with a target price of $41.06.

Philadelphia Trust Co. decreased its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,000 shares of the company's stock after selling 10,000 shares during the quarter. Philadelphia Trust Co. owned 0.07% of Tenable worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its holdings 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 buying an additional 2,178 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Tenable by 551.2% during the first quarter. Russell Investments Group Ltd. now owns 95,815 shares of the company's stock valued at $3,351,000 after buying an additional 81,102 shares in the last quarter. Nuveen LLC purchased a new position in shares of Tenable during the first quarter valued at $35,330,000. Virtu Financial LLC purchased a new position in shares of Tenable during the first quarter valued at $782,000. Finally, Invesco Ltd. grew its holdings in shares of Tenable by 6.2% during the first quarter. Invesco Ltd. now owns 107,627 shares of the company's stock valued at $3,765,000 after buying an additional 6,290 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insiders Place Their Bets

In related news, CEO Mark C. Thurmond sold 2,483 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $80,573.35. Following the completion of the transaction, the chief executive officer owned 72,727 shares of the company's stock, valued at approximately $2,359,991.15. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barron Anschutz sold 970 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.08, for a total value of $32,087.60. Following the transaction, the insider directly owned 58,311 shares of the company's stock, valued at $1,928,927.88. This represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,815 shares of company stock valued at $669,797 over the last quarter. Insiders own 1.50% of the company's stock.

Tenable Stock Down 1.1%

Shares of NASDAQ:TENB traded down $0.3240 on Wednesday, reaching $30.3760. The company had a trading volume of 918,139 shares, compared to its average volume of 1,398,266. Tenable Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $45.44. The stock has a 50-day moving average price of $32.29 and a 200 day moving average price of $33.98. The stock has a market capitalization of $3.68 billion, a P/E ratio of -82.10 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. During the same quarter in the previous year, the firm earned $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. On average, equities analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on TENB shares. Scotiabank lifted their price objective on Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Robert W. Baird reduced their price objective on Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wedbush lifted their price objective on Tenable from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Needham & Company LLC lifted their price objective on Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.06.

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.