Stanley Laman Group Ltd. Takes $6.06 Million Position in Tenable Holdings, Inc. $TENB

Key Points

• Stanley Laman Group Ltd. acquired a new stake in Tenable Holdings, Inc. worth approximately $6.06 million, making it 0.9% of their investment portfolio.
• Recent analyst reports show a positive outlook for Tenable, with several firms raising their target price and issuing "buy" ratings, indicating strong investor interest.
• Insiders at Tenable have sold shares recently, including the CEO and a director, which has decreased their ownership stakes by a significant percentage.

Stanley Laman Group Ltd. purchased a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 179,367 shares of the company's stock, valued at approximately $6,059,000. Tenable accounts for about 0.9% of Stanley Laman Group Ltd.'s investment portfolio, making the stock its 21st biggest position. Stanley Laman Group Ltd. owned 0.15% of Tenable as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tenable by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock valued at $376,000 after purchasing an additional 1,682 shares during the period. Caxton Associates LLP acquired a new position in shares of Tenable in the 1st quarter worth $466,000. KBC Group NV grew its holdings in shares of Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after acquiring an additional 919 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Tenable by 5,032.7% in the 1st quarter. GAMMA Investing LLC now owns 10,214 shares of the company's stock worth $357,000 after acquiring an additional 10,015 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Tenable by 38.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 275,833 shares of the company's stock worth $9,318,000 after acquiring an additional 76,180 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tenable

In related news, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total transaction of $139,214.64. Following the completion of the sale, the director owned 15,000 shares of the company's stock, valued at approximately $451,800. This trade represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark C. Thurmond sold 28,500 shares of Tenable stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $862,125.00. Following the sale, the chief executive officer directly owned 102,322 shares of the company's stock, valued at approximately $3,095,240.50. The trade was a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,579 shares of company stock worth $1,922,664 in the last ninety days. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TENB shares. Needham & Company LLC lifted their target price on Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group lifted 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. Scotiabank lifted their target price on Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Tenable from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, DA Davidson lifted their target price on Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.69.

Tenable Stock Performance

Shares of TENB stock opened at $29.03 on Friday. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -78.46 and a beta of 0.73. The stock's fifty day simple moving average is $29.96 and its 200-day simple moving average is $31.62.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.

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