VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Tenable Holdings, Inc. $TENB

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,122 shares of the company's stock, valued at approximately $545,000.

Other large investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Tenable in the 1st quarter valued at about $69,000. Caitong International Asset Management Co. Ltd grew its stake in Tenable by 743.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock valued at $86,000 after acquiring an additional 2,178 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Tenable in the 1st quarter valued at about $109,000. KBC Group NV grew its stake in Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after acquiring an additional 919 shares during the last quarter. Finally, CWM LLC grew its stake in Tenable by 962.5% in the 1st quarter. CWM LLC now owns 5,801 shares of the company's stock valued at $203,000 after acquiring an additional 5,255 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tenable

In related news, Director A Brooke Seawell sold 4,622 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total value of $139,214.64. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $451,800. This trade represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen A. Vintz sold 29,196 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 transaction of $883,179.00. Following the completion of the transaction, the chief executive officer owned 358,949 shares in the company, valued at $10,858,207.25. The trade was a 7.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,555 shares of company stock worth $1,951,065. 1.50% of the stock is currently owned by corporate insiders.

Tenable Trading Up 0.9%

NASDAQ TENB opened at $30.30 on Friday. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44. The company's 50 day moving average price is $30.01 and its 200 day moving average price is $31.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -81.89 and a beta of 0.73.

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 firm 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. Tenable's revenue for the quarter 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. On average, sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

TENB has been the topic of a number of research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Tenable in a research note on Saturday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $42.00 price target on shares of Tenable in a research note on Thursday. Wall Street Zen cut shares of Tenable from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus raised their price target on shares of Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley raised their price target on shares of Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.19.

About Tenable

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.

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