The Manufacturers Life Insurance Company Has $39.52 Million Stock Position in Tenable Holdings, Inc. $TENB

Key Points

• The Manufacturers Life Insurance Company increased its holdings in Tenable Holdings, Inc. by 16.0%, owning approximately 0.92% of the company worth $39.52 million as of its latest SEC filing.
• Tenable reported a quarterly EPS of $0.34, exceeding analyst estimates, with revenues of $247.3 million, an increase of 11.8% year-over-year.
• Institutional ownership of Tenable is high at 89.06%, with several analysts raising their price targets, establishing a consensus rating of "Moderate Buy" and an average price target of $41.06.

The Manufacturers Life Insurance Company grew its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,129,790 shares of the company's stock after buying an additional 155,560 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.92% of Tenable worth $39,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Tenable by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after buying an additional 1,682 shares during the period. KBC Group NV lifted its position in shares of Tenable by 19.4% in 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. Algert Global LLC lifted its position in shares of Tenable by 290.5% in the fourth quarter. Algert Global LLC now owns 136,734 shares of the company's stock worth $5,385,000 after purchasing an additional 101,718 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Tenable in the fourth quarter worth approximately $10,115,000. Finally, GAMMA Investing LLC lifted its position in shares of Tenable by 5,032.7% in the first quarter. GAMMA Investing LLC now owns 10,214 shares of the company's stock worth $357,000 after purchasing an additional 10,015 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mark C. Thurmond sold 28,500 shares of Tenable 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 transaction, the chief executive officer owned 102,322 shares of the company's stock, valued at $3,095,240.50. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Monday, August 25th. The shares were 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 approximately $10,858,207.25. This represents a 7.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,927 shares of company stock valued at $1,815,537 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TENB has been the subject of a number of research analyst reports. DA Davidson increased their price target on shares of Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Tenable from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Scotiabank increased their price target on shares of Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. UBS Group increased their price target on shares of Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley increased their price target on shares of Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

Tenable Stock Up 2.2%

TENB traded up $0.67 during midday trading on Friday, hitting $31.05. 1,953,415 shares of the company's stock traded hands, compared to its average volume of 1,370,785. 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 $3.76 billion, a PE ratio of -83.92 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94. The stock's fifty day simple moving average is $31.74 and its 200-day simple moving average is $33.08.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. During the same quarter last year, the firm posted $0.31 earnings per share. 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, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.