Tenable (NASDAQ:TENB) Director A Brooke Seawell Sells 4,622 Shares

Key Points

• Tenable Director A Brooke Seawell sold 4,622 shares of the company at an average price of $30.12, totaling approximately $139,215, and reducing his ownership by 23.56% to 15,000 shares.
• Tenable's stock was trading at around $31.16, showing a slight increase of 0.4%, with a market cap of $3.77 billion and a price-to-earnings ratio of -84.21.
• The company reported Q2 earnings of $0.34 per share, exceeding estimates by $0.04, with revenue reaching $247.30 million, up 11.8% year-over-year.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) Director A Brooke Seawell sold 4,622 shares of the business'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 completion of the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Tenable Stock Up 0.4%

Shares of NASDAQ:TENB traded up $0.11 during trading on Monday, reaching $31.16. 1,264,701 shares of the stock were exchanged, compared to its average volume of 1,409,598. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44. The stock has a fifty day moving average of $31.74 and a two-hundred day moving average of $33.04. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -84.21 and a beta of 0.73.

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

Hedge Funds Weigh In On Tenable

Several large investors have recently made changes to their positions in the business. Xponance Inc. lifted its position in shares of Tenable by 6.6% in the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after buying an additional 562 shares in the last quarter. Tidal Investments LLC grew its stake in Tenable by 1.8% in the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after purchasing an additional 564 shares in the last quarter. Fiera Capital Corp grew its stake in Tenable by 1.1% in the first quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after purchasing an additional 651 shares in the last quarter. Amundi lifted its holdings in Tenable by 1.2% during the first quarter. Amundi now owns 58,149 shares of the company's stock worth $1,939,000 after buying an additional 676 shares during the period. Finally, Byrne Asset Management LLC lifted its holdings in Tenable by 115.4% during the first 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 period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TENB. Jefferies Financial Group reiterated a "hold" rating and set a $38.00 price target (up previously from $37.00) on shares of Tenable in a report on Thursday, July 31st. Morgan Stanley upped their price target on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Wells Fargo & Company reissued an "overweight" rating and set a $45.00 price objective (up previously from $40.00) on shares of Tenable in a report on Thursday, July 31st. Barclays raised their price target on Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Finally, DA Davidson increased their price objective on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Nine investment 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, Tenable has an average rating of "Moderate Buy" and a consensus price target of $41.06.

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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