Quantbot Technologies LP Sells 57,522 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Quantbot Technologies LP significantly reduced its stake in Tenable Holdings by 60.0%, selling 57,522 shares, leaving it with 38,360 shares valued at approximately $1.34 million.
• Company CEO Mark C. Thurmond sold 2,483 shares for about $80,573, decreasing his ownership by 3.30%, while other insiders also reported sales totaling 7,494 shares worth $243,791 in the last three months.
• Analysts have mixed ratings on Tenable, with Needham & Company raising the price target to $42.00 and others, including Stephens, downgrading the stock from "strong-buy" to "hold."

Quantbot Technologies LP lowered its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 60.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,360 shares of the company's stock after selling 57,522 shares during the quarter. Quantbot Technologies LP's holdings in Tenable were worth $1,342,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Tenable by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after purchasing an additional 1,682 shares in the last quarter. KBC Group NV grew its position in shares of Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after purchasing an additional 919 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Tenable by 41.9% during the fourth quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock worth $2,671,000 after purchasing an additional 20,031 shares in the last quarter. Invesco Ltd. grew its position in shares of Tenable by 15.6% during the fourth quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after purchasing an additional 13,655 shares in the last quarter. Finally, One68 Global Capital LLC purchased a new stake in shares of Tenable during the fourth quarter worth about $591,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analysts Set New Price Targets

TENB has been the subject of several research analyst reports. Robert W. Baird cut their price target on Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company restated an "overweight" rating and set a $45.00 price target (up previously from $40.00) on shares of Tenable in a report on Thursday, July 31st. Morgan Stanley raised their price target on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. UBS Group raised their price target on Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, 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 report 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.com, Tenable has an average rating of "Moderate Buy" and a consensus target price of $41.06.

Insider Activity

In other news, CEO Mark C. Thurmond sold 28,500 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Barron Anschutz sold 1,261 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 $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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,927 shares of company stock valued at $1,815,537 in the last ninety days. Insiders own 1.50% of the company's stock.

Tenable Trading Up 0.2%

Shares of NASDAQ:TENB traded up $0.06 during trading on Thursday, hitting $30.64. The company had a trading volume of 238,491 shares, compared to its average volume of 1,398,610. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of -82.78 and a beta of 0.76. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44. The company has a fifty day simple moving average of $32.06 and a two-hundred day simple moving average of $33.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. 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 forecast that Tenable Holdings, Inc. will post 0.12 earnings per share 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.