Blair William & Co. IL Sells 16,276 Shares of Tenable Holdings, Inc. $TENB

Blair William & Co. IL lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 9.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,710 shares of the company’s stock after selling 16,276 shares during the period. Blair William & Co. IL owned about 0.13% of Tenable worth $5,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC grew its position in Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock worth $47,000 after acquiring an additional 727 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Tenable during the 1st quarter worth about $69,000. Caitong International Asset Management Co. Ltd lifted its holdings in Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock worth $86,000 after buying an additional 2,178 shares during the period. Headlands Technologies LLC acquired a new position in Tenable during the 1st quarter worth about $109,000. Finally, KBC Group NV lifted its holdings in Tenable by 19.4% during the 1st quarter. KBC Group NV now owns 5,652 shares of the company’s stock worth $198,000 after buying an additional 919 shares during the period. Institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Mark C. Thurmond sold 28,500 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $862,125.00. Following the transaction, the chief executive officer directly owned 102,322 shares of the company’s stock, valued at approximately $3,095,240.50. This represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 4,622 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following 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 disclosure for this sale can be found here. Insiders sold 64,549 shares of company stock valued at $1,954,751 over the last 90 days. 1.50% of the stock is owned by company insiders.

Tenable Stock Down 1.8%

Shares of NASDAQ:TENB opened at $29.06 on Monday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -78.54 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day moving average is $30.02 and its 200-day moving average is $31.77. Tenable Holdings, Inc. has a 1 year low of $28.51 and a 1 year high of $45.44.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company 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 firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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 predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

TENB has been the topic of several recent research reports. Wedbush lifted their target price on Tenable from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Morgan Stanley lifted their target price on Tenable from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Needham & Company LLC lifted their target price on Tenable from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. UBS Group lifted their target price on Tenable from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, DA Davidson lifted their target price on Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.06.

Tenable Company 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.