Tenable Holdings, Inc. $TENB Shares Bought 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 shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 551.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,815 shares of the company's stock after purchasing an additional 81,102 shares during the period. Russell Investments Group Ltd. owned 0.08% of Tenable worth $3,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in Tenable during the first quarter valued at approximately $35,330,000. Shapiro Capital Management LLC boosted its position 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 valued at $41,745,000 after acquiring an additional 918,235 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Tenable by 47.6% in the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock valued at $59,031,000 after purchasing an additional 544,375 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Tenable by 904.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock valued at $16,427,000 after purchasing an additional 375,581 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Tenable in the fourth quarter worth $10,641,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Stock Up 1.5%

NASDAQ TENB traded up $0.46 on Thursday, reaching $31.04. 831,033 shares of the stock traded hands, compared to its average volume of 1,402,246. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable Holdings, Inc. has a 12 month low of $28.51 and a 12 month high of $45.44. The company has a fifty day moving average price of $32.06 and a 200-day moving average price of $33.55. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -83.89 and a beta of 0.76.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating 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 business had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. During the same quarter in the previous year, the business 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, research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, insider Barron Anschutz sold 1,261 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $38,145.25. Following the completion of the sale, the insider directly owned 59,645 shares of the company's stock, valued at approximately $1,804,261.25. This represents a 2.07% 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, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $883,179.00. Following the completion of the transaction, the chief executive officer directly owned 358,949 shares in the company, valued at $10,858,207.25. This represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,927 shares of company stock valued at $1,815,537. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on TENB. Needham & Company LLC increased their price objective on shares of Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wedbush lifted their price target on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Scotiabank boosted their price objective on Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Stifel Nicolaus upped their price objective on Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Finally, UBS Group lifted their target price on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.