Insider Selling: Tenable (NASDAQ:TENB) Insider Sells $28,401.60 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) insider Barron Anschutz sold 976 shares of Tenable stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $29.10, for a total transaction of $28,401.60. Following the completion of the sale, the insider owned 61,420 shares of the company’s stock, valued at approximately $1,787,322. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Barron Anschutz also recently made the following trade(s):

• On Monday, August 25th, Barron Anschutz sold 1,261 shares of Tenable stock. The shares were sold at an average price of $30.25, for a total transaction of $38,145.25.

Tenable Stock Down 1.1%

NASDAQ TENB opened at $30.11 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44. The company has a 50 day moving average of $29.99 and a 200-day moving average of $31.55. The company has a market cap of $3.65 billion, a price-to-earnings ratio of -81.38 and a beta of 0.73.

Tenable (NASDAQ:TENB) last released its quarterly 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 company had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $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 research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on TENB. Morgan Stanley boosted their price objective on shares of 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 restated an “overweight” rating and set a $45.00 price objective (up from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $38.00 price objective (up from $37.00) on shares of Tenable in a research report on Thursday, July 31st. UBS Group boosted their price objective on shares of Tenable from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Barclays lowered their price objective on shares of Tenable from $39.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.69.

Institutional Trading of Tenable

A number of hedge funds and other institutional investors have recently modified their holdings of TENB. Illinois Municipal Retirement Fund acquired a new stake in Tenable in the first quarter valued at $660,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Tenable by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company’s stock valued at $376,000 after purchasing an additional 1,682 shares during the period. KBC Group NV increased its holdings in Tenable by 19.4% in the first quarter. KBC Group NV now owns 5,652 shares of the company’s stock valued at $198,000 after purchasing an additional 919 shares during the period. Summit Trail Advisors LLC increased its holdings in Tenable by 3.4% in the first quarter. Summit Trail Advisors LLC now owns 50,663 shares of the company’s stock valued at $1,772,000 after purchasing an additional 1,686 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in Tenable by 551.7% in the first quarter. Teacher Retirement System of Texas now owns 155,976 shares of the company’s stock valued at $5,456,000 after purchasing an additional 132,043 shares during the period. Institutional investors own 89.06% of the company’s stock.

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.