KBC Group NV Has $116,000 Holdings in Tenable Holdings, Inc. $TENB

KBC Group NV decreased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 39.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,446 shares of the company’s stock after selling 2,206 shares during the quarter. KBC Group NV’s holdings in Tenable were worth $116,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Tenable in the 1st quarter valued at approximately $69,000. Caitong International Asset Management Co. Ltd increased its stake in Tenable by 743.3% in the first 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 position in Tenable during the first quarter valued at approximately $109,000. CWM LLC lifted its stake in Tenable by 962.5% during the first quarter. CWM LLC now owns 5,801 shares of the company’s stock worth $203,000 after purchasing an additional 5,255 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Tenable by 546.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,816 shares of the company’s stock valued at $203,000 after purchasing an additional 4,917 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Barron Anschutz sold 976 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $29.10, for a total value 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. This represents a 1.56% decrease in their ownership of the stock. The sale 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 stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $883,179.00. Following the completion of the sale, the chief executive officer directly owned 358,949 shares of the company’s stock, valued at approximately $10,858,207.25. The trade was a 7.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 64,555 shares of company stock valued at $1,951,065. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Jefferies Financial Group reissued a “hold” rating and set a $38.00 target price (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Stifel Nicolaus raised their price target on shares of Tenable from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $45.00 price target (up from $40.00) on shares of Tenable in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, October 27th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Tenable currently has a consensus rating of “Hold” and a consensus price target of $38.63.

Tenable Stock Performance

Tenable stock opened at $26.06 on Friday. The business has a 50 day moving average of $28.89 and a 200-day moving average of $30.91. The company has a market capitalization of $3.11 billion, a P/E ratio of -96.52 and a beta of 0.71. Tenable Holdings, Inc. has a 1 year low of $25.28 and a 1 year high of $45.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $252.44 million for the quarter, compared to analyst estimates of $247.43 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share 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.