RGM Capital LLC Buys 72,607 Shares of Tenable Holdings, Inc. $TENB

Key Points

• RGM Capital LLC increased its stake in Tenable Holdings, owning approximately 3.09% of the company valued at $131.97 million, making it the 8th largest position in its portfolio.
• Several institutional investors, including Byrne Asset Management and Caitong International Asset Management, significantly increased their holdings in Tenable during the 1st quarter.
• Tenable reported an EPS of $0.34 for the last quarter, exceeding analysts' estimates, and has set its fiscal year 2025 guidance at 1.450-1.530 EPS.

RGM Capital LLC raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,772,624 shares of the company's stock after buying an additional 72,607 shares during the quarter. Tenable makes up approximately 5.5% of RGM Capital LLC's investment portfolio, making the stock its 8th largest position. RGM Capital LLC owned about 3.09% of Tenable worth $131,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Tenable by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock valued at $376,000 after buying an additional 1,682 shares in the last quarter. KBC Group NV grew its holdings in Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after buying an additional 919 shares in the last quarter. Invesco Ltd. grew its holdings in Tenable by 15.6% in the 4th quarter. Invesco Ltd. now owns 101,337 shares of the company's stock valued at $3,991,000 after buying an additional 13,655 shares in the last quarter. One68 Global Capital LLC purchased a new stake in Tenable in the 4th quarter valued at $591,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Tenable by 5.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 974,230 shares of the company's stock worth $38,365,000 after acquiring an additional 53,852 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tenable

In other news, insider Barron Anschutz sold 1,261 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total value of $38,145.25. Following the completion of the sale, the insider owned 59,645 shares in the company, valued at $1,804,261.25. This represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen A. Vintz sold 29,196 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 transaction of $883,179.00. Following the completion of the transaction, the chief executive officer directly owned 358,949 shares in the company, valued at $10,858,207.25. This trade represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,927 shares of company stock valued at $1,815,537 in the last quarter. Corporate insiders own 1.50% of the company's stock.

Tenable Stock Performance

Shares of NASDAQ:TENB traded down $0.17 during trading on Friday, hitting $30.92. 1,327,146 shares of the company traded hands, compared to its average volume of 1,474,425. The business's fifty day moving average is $32.00 and its 200-day moving average is $33.38. 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 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 $3.74 billion, a price-to-earnings ratio of -83.57 and a beta of 0.76.

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. The company had revenue of $247.30 million for the quarter, compared to analysts' expectations of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period 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, equities analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus increased their target price on Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Jefferies Financial Group restated 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. Morgan Stanley raised their price target on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. UBS Group increased their price objective on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Barclays lifted their price objective on Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Tenable presently has an average rating of "Moderate Buy" and a consensus 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.