Tenable Holdings, Inc. $TENB Stock Holdings Lifted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Tenable Holdings, Inc. by 551.2% in Q1, owning 95,815 shares valued at approximately $3.35 million as of the latest SEC filing.
• Tenable's shares currently have an average analyst rating of “Moderate Buy” with a consensus price target of $41.06, reflecting positive market sentiment.
• In its most recent earnings report, Tenable reported an EPS of $0.34, exceeding analysts' estimates, with revenue rising by 11.8% year-over-year to $247.3 million.

Russell Investments Group Ltd. raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 551.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,815 shares of the company's stock after buying an additional 81,102 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Tenable worth $3,351,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TENB. Xponance Inc. boosted its holdings in shares of Tenable by 6.6% in the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after buying an additional 562 shares during the last quarter. Tidal Investments LLC raised its position in shares of Tenable by 1.8% during the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after buying an additional 564 shares during the last quarter. Fiera Capital Corp increased its position in Tenable by 1.1% in the first quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after purchasing an additional 651 shares during the last quarter. Byrne Asset Management LLC boosted its stake in Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after buying an additional 727 shares during the period. Finally, KBC Group NV boosted its stake in shares of Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after purchasing an additional 919 shares during the period. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Stock Performance

TENB traded down $0.17 during trading on Friday, hitting $30.92. 1,327,146 shares of the stock were exchanged, compared to its average volume of 1,474,425. The firm has a market capitalization of $3.74 billion, a P/E ratio of -83.57 and a beta of 0.76. 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 stock has a fifty day moving average price of $32.00 and a two-hundred day moving average price of $33.42. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data 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. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The firm had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Tenable'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. As a group, sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TENB shares. Needham & Company LLC upped their price objective on shares of Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $45.00 price target (up previously from $40.00) on shares of Tenable in a report on Thursday, July 31st. Barclays increased their target price on Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. DA Davidson raised their price objective on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Scotiabank raised their target price on Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Tenable presently has an average rating of "Moderate Buy" and an average target price of $41.06.

Insiders Place Their Bets

In related news, CEO Stephen A. Vintz sold 29,196 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $883,179.00. Following the transaction, the chief executive officer directly owned 358,949 shares in the company, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Barron Anschutz sold 1,261 shares of the company'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 sale, the insider owned 59,645 shares of the company's stock, valued at $1,804,261.25. This represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,927 shares of company stock worth $1,815,537. 1.50% of the stock is owned by corporate insiders.

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.