Tenable Holdings, Inc. $TENB Stake Raised by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Tenable Holdings, Inc. by 47.2%, owning approximately $3.51 million worth of shares after purchasing an additional 32,226 shares.
• Several institutional investors significantly boosted their positions in Tenable during the first quarter, with Byrne Asset Management raising its stake by 115.4% and CWM LLC increasing theirs by 962.5%.
• Tenable Holdings reported a revenue increase of 11.8% year-over-year, with earnings per share exceeding consensus estimates, and analysts maintain a "Moderate Buy" rating with an average price target of $41.06.

Raymond James Financial Inc. lifted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 47.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,463 shares of the company's stock after buying an additional 32,226 shares during the quarter. Raymond James Financial Inc. owned approximately 0.08% of Tenable worth $3,515,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TENB. Nuveen LLC acquired a new position in Tenable in the 1st quarter valued at about $35,330,000. Shapiro Capital Management LLC grew its holdings in shares of Tenable by 647.5% during the 4th quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock worth $41,745,000 after purchasing an additional 918,235 shares during the period. Penserra Capital Management LLC boosted its holdings in Tenable by 47.6% in the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock worth $59,031,000 after acquiring an additional 544,375 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Tenable in the 4th quarter worth approximately $10,641,000. Finally, Dimensional Fund Advisors LP purchased a new position in Tenable in the 4th quarter worth approximately $10,115,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Price Performance

TENB stock traded up $0.26 during trading hours on Thursday, hitting $30.20. 82,735 shares of the stock traded hands, compared to its average volume of 1,399,080. The stock has a 50-day simple moving average of $31.56 and a 200 day simple moving average of $32.95. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44. The company has a market cap of $3.66 billion, a P/E ratio of -81.38 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. During the same quarter last year, the business posted $0.31 earnings per share. The company's quarterly revenue was up 11.8% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Equities analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In related news, CEO Stephen A. Vintz sold 29,196 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 $883,179.00. Following the completion of the transaction, the chief executive officer owned 358,949 shares in the company, valued at $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 can be accessed through the SEC website. Also, Director A Brooke Seawell sold 4,622 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total value of $139,214.64. Following the completion of the transaction, the director owned 15,000 shares of the company's stock, valued at $451,800. This trade represents a 23.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,549 shares of company stock worth $1,954,751. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TENB shares. UBS Group upped their target price on Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen lowered Tenable from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $45.00 target price (up from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Morgan Stanley increased their target price on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC increased their price target on Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.06.

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.