Voya Investment Management LLC Buys 24,547 Shares of Tenable Holdings, Inc. $TENB

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 Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 800,182 shares of the company's stock after buying 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Xponance Inc. grew its stake in shares of Tenable by 6.6% in the 1st 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 grew its stake in shares of Tenable by 1.8% in the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after buying an additional 564 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Tenable by 1.1% in the 1st quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after buying an additional 651 shares during the last quarter. Amundi grew its stake in shares of Tenable by 1.2% in the 1st quarter. Amundi now owns 58,149 shares of the company's stock worth $1,939,000 after buying an additional 676 shares during the last quarter. Finally, Byrne Asset Management LLC grew its stake in shares of Tenable by 115.4% in the 1st 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 last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Transactions at Tenable

In other news, CEO Mark C. Thurmond sold 28,500 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total value of $862,125.00. Following the transaction, the chief executive officer directly owned 102,322 shares in the company, valued at $3,095,240.50. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen A. Vintz sold 29,196 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,549 shares of company stock valued at $1,954,751. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TENB. Morgan Stanley upped their price target on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Needham & Company LLC increased their target price on Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research note 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 note on Monday, July 14th. Wells Fargo & Company reiterated an "overweight" rating and set a $45.00 target price (up from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Finally, Wedbush increased their target price on Tenable from $40.00 to $42.00 and gave the company an "outperform" 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $41.06.

Tenable Stock Performance

Shares of TENB stock traded down $0.31 on Monday, reaching $29.59. The stock had a trading volume of 1,176,725 shares, compared to its average volume of 1,282,442. The stock has a market cap of $3.58 billion, a P/E ratio of -79.97 and a beta of 0.73. Tenable Holdings, Inc. has a 1 year low of $28.51 and a 1 year 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 50 day simple moving average of $31.31 and a 200 day simple moving average of $32.70.

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