Select Equity Group L.P. Buys 40,945 Shares of Tenable Holdings, Inc. $TENB

Select Equity Group L.P. raised its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 410.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,909 shares of the company's stock after purchasing an additional 40,945 shares during the quarter. Select Equity Group L.P.'s holdings in Tenable were worth $1,781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Petrus Trust Company LTA boosted its stake in shares of Tenable by 10.0% during the 1st quarter. Petrus Trust Company LTA now owns 31,659 shares of the company's stock worth $1,107,000 after acquiring an additional 2,884 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Tenable by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,047,547 shares of the company's stock worth $36,643,000 after buying an additional 78,081 shares during the period. AQR Capital Management LLC boosted its position in shares of Tenable by 132.8% in the first quarter. AQR Capital Management LLC now owns 245,111 shares of the company's stock worth $8,574,000 after buying an additional 139,831 shares during the period. Amundi boosted its position in shares of Tenable by 1.2% in the first quarter. Amundi now owns 58,149 shares of the company's stock worth $1,939,000 after buying an additional 676 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Tenable in the first quarter worth $322,000. 89.06% of the stock is owned by institutional investors.

Tenable Stock Down 1.7%

Shares of NASDAQ:TENB traded down $0.50 during midday trading on Friday, reaching $30.04. The company had a trading volume of 527,878 shares, compared to its average volume of 1,400,387. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44. The stock has a market cap of $3.64 billion, a PE ratio of -80.83 and a beta of 0.73. 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 business's 50 day moving average price is $31.49 and its 200 day moving average price is $32.89.

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 firm had revenue of $247.30 million for the quarter, compared to the consensus estimate 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 was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In related news, insider Barron Anschutz sold 1,261 shares of the business's stock in a transaction dated 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 directly owned 59,645 shares of the company's stock, valued at $1,804,261.25. The trade was a 2.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 28,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 102,322 shares of the company's stock, valued at $3,095,240.50. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,549 shares of company stock worth $1,954,751. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company reissued an "overweight" rating and set a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Morgan Stanley boosted their price target on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and issued a $38.00 price target (up previously from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Scotiabank boosted their price target on Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC boosted their price target on Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.