Tenable Holdings, Inc. $TENB Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has increased its stake in Tenable Holdings, Inc. by 3.2%, owning approximately 800,182 shares valued at $27.99 million as of the latest filing.
• Several other institutional investors, including Mirae Asset Global Investments and KBC Group, have also increased their positions in Tenable, indicating growing interest in the company.
• Analysts have raised price targets for Tenable, with Jefferies setting a target of $38.00 and UBS increasing it to $43.00, reflecting a consensus rating of "Moderate Buy" for the stock.

Voya Investment Management LLC increased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 800,182 shares of the company's stock after purchasing an additional 24,547 shares during the period. Voya Investment Management LLC owned 0.65% of Tenable worth $27,990,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Xponance Inc. increased its holdings in Tenable by 6.6% in the 1st quarter. Xponance Inc. now owns 9,021 shares of the company's stock valued at $316,000 after purchasing an additional 562 shares in the last quarter. Tidal Investments LLC increased its stake 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 acquiring an additional 564 shares during the period. Fiera Capital Corp boosted its holdings in Tenable by 1.1% during the first quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after buying an additional 651 shares in the last quarter. Amundi grew its position in Tenable by 1.2% during the 1st quarter. Amundi now owns 58,149 shares of the company's stock worth $1,939,000 after purchasing an additional 676 shares in the last quarter. Finally, Byrne Asset Management LLC boosted its stake in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after buying an additional 727 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Barron Anschutz sold 1,261 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 $38,145.25. Following the completion of the sale, the insider directly owned 59,645 shares in the company, valued at approximately $1,804,261.25. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the sale, the director owned 15,000 shares of the company's stock, valued at approximately $451,800. This trade represents a 23.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,549 shares of company stock valued at $1,954,751 in the last three months. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company reiterated an "overweight" rating and issued a $45.00 target price (up previously from $40.00) on shares of Tenable in a report on Thursday, July 31st. Stifel Nicolaus upped their target price on shares of Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Tenable from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Morgan Stanley increased their target price on shares of Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, DA Davidson increased their price objective 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. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Tenable has a consensus rating of "Moderate Buy" and an average target price of $41.06.

Tenable Price Performance

TENB traded up $0.64 during trading on Thursday, reaching $30.45. 284,264 shares of the company traded hands, compared to its average volume of 1,392,895. The firm has a fifty day simple moving average of $31.09 and a 200 day simple moving average of $32.66. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44. 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 company has a market cap of $3.69 billion, a P/E ratio of -82.42 and a beta of 0.73.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. Tenable's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS 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.