Stephens Investment Management Group LLC Purchases 26,441 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Stephens Investment Management Group LLC increased its holdings in Tenable Holdings, Inc. by acquiring an additional 26,441 shares, raising its total ownership to approximately 0.80% of the company's stock, valued at $33.16 million.
• Recent insider transactions saw CEO Stephen A. Vintz and CEO Mark C. Thurmond sell significant portions of their shares, resulting in a 7.52% and 21.79% decrease in their holdings respectively.
• Analysts maintain a "Hold" rating for Tenable, with price targets ranging from $34.00 to $42.00, while the company reported quarterly earnings exceeding expectations with revenue growth of 11.8% year-over-year.

Stephens Investment Management Group LLC increased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 981,628 shares of the company's stock after acquiring an additional 26,441 shares during the period. Stephens Investment Management Group LLC owned approximately 0.80% of Tenable worth $33,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Xponance Inc. increased its holdings in Tenable by 6.6% during the 1st quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after acquiring an additional 562 shares during the period. Fiera Capital Corp increased its holdings in shares of Tenable by 1.1% in the 1st quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after buying an additional 651 shares during the last quarter. Amundi increased its holdings in shares of Tenable by 1.2% in the 1st quarter. Amundi now owns 58,149 shares of the company's stock worth $1,939,000 after buying an additional 676 shares during the last quarter. KBC Group NV increased 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 buying an additional 919 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in shares of Tenable by 12.8% in the 2nd quarter. Fulton Bank N.A. now owns 10,260 shares of the company's stock worth $347,000 after buying an additional 1,167 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Insider Activity at Tenable

In other news, CEO Stephen A. Vintz sold 29,196 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $883,179.00. Following the completion of the sale, the chief executive officer directly owned 358,949 shares of the company's stock, valued at approximately $10,858,207.25. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark C. Thurmond sold 28,500 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $862,125.00. Following the completion of the sale, the chief executive officer directly owned 102,322 shares of the company's stock, valued at approximately $3,095,240.50. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,555 shares of company stock valued at $1,951,065. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TENB shares. Jefferies Financial Group reissued a "hold" rating and issued a $38.00 price target (up previously from $37.00) on shares of Tenable in a report on Thursday, July 31st. Scotiabank increased their price target on shares of Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. DA Davidson increased their price target on shares of Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Needham & Company LLC increased their price target on shares of Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Tenable in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $40.69.

Tenable Price Performance

Shares of Tenable stock opened at $30.46 on Wednesday. The firm has a market cap of $3.69 billion, a PE ratio of -82.32 and a beta of 0.73. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The company's fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $31.56.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The firm had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. During the same period last year, the company posted $0.31 EPS. The company'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. As a group, equities analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current 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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