Tenable Holdings, Inc. $TENB Shares Sold by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. cut its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 2.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 306,729 shares of the company’s stock after selling 8,580 shares during the period. Tenable accounts for 2.7% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 19th largest holding. Firetrail Investments PTY Ltd.’s holdings in Tenable were worth $10,323,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in Tenable by 5.6% during the 1st quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company’s stock worth $207,038,000 after buying an additional 312,299 shares in the last quarter. RGM Capital LLC lifted its holdings in Tenable by 2.0% during the 1st quarter. RGM Capital LLC now owns 3,772,624 shares of the company’s stock worth $131,966,000 after buying an additional 72,607 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Tenable by 1,043.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock worth $109,434,000 after buying an additional 2,956,367 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Tenable by 47.6% during the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company’s stock worth $59,031,000 after buying an additional 544,375 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Tenable by 16.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,129,790 shares of the company’s stock worth $39,520,000 after buying an additional 155,560 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Trading Up 0.6%

Shares of NASDAQ:TENB opened at $29.02 on Friday. Tenable Holdings, Inc. has a 52 week low of $28.45 and a 52 week high of $45.44. The company’s 50 day moving average is $29.91 and its two-hundred day moving average is $31.38. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The company has a market cap of $3.51 billion, a PE ratio of -107.48 and a beta of 0.73.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on TENB shares. Jefferies Financial Group reiterated a “hold” rating and set a $38.00 target price (up from $37.00) on shares of Tenable in a report on Thursday, July 31st. Barclays reduced their target price on shares of Tenable from $39.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. UBS Group increased their target price on shares of Tenable from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Morgan Stanley increased 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. Finally, Wedbush increased their price objective on shares of Tenable from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Nine 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.63.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 28,500 shares of the stock in a transaction on Monday, August 25th. The shares were 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 of the company’s stock, 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 accessible through the SEC website. Also, insider Barron Anschutz sold 1,261 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $38,145.25. Following the completion of the transaction, the insider directly owned 59,645 shares in the company, valued at $1,804,261.25. This trade represents a 2.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 64,555 shares of company stock valued at $1,951,065. Corporate insiders own 1.50% 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.