Bayforest Capital Ltd Decreases Position in Tenable Holdings, Inc. $TENB

Bayforest Capital Ltd lessened its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 93.6% during the second quarter, Holdings Channel.com reports. The firm owned 937 shares of the company’s stock after selling 13,693 shares during the quarter. Bayforest Capital Ltd’s holdings in Tenable were worth $32,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Tenable by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company’s stock worth $376,000 after purchasing an additional 1,682 shares during the period. Caxton Associates LLP purchased a new position in Tenable in the 1st quarter worth $466,000. KBC Group NV raised its position in Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company’s stock worth $198,000 after purchasing an additional 919 shares during the period. GAMMA Investing LLC raised its position in Tenable by 5,032.7% in the 1st quarter. GAMMA Investing LLC now owns 10,214 shares of the company’s stock worth $357,000 after purchasing an additional 10,015 shares during the period. Finally, Vontobel Holding Ltd. raised its position in Tenable by 38.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 275,833 shares of the company’s stock worth $9,318,000 after purchasing an additional 76,180 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 28,500 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $862,125.00. Following the sale, the chief executive officer owned 102,322 shares of the company’s stock, valued at $3,095,240.50. The trade was a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen A. Vintz sold 29,196 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $883,179.00. Following the sale, the chief executive officer directly owned 358,949 shares in the company, valued at $10,858,207.25. The trade was a 7.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,579 shares of company stock worth $1,922,664 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Tenable Price Performance

Shares of NASDAQ TENB opened at $29.03 on Friday. Tenable Holdings, Inc. has a 1 year low of $28.51 and a 1 year high of $45.44. 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 company’s 50-day moving average is $29.96 and its 200 day moving average is $31.59. The stock has a market capitalization of $3.52 billion, a P/E ratio of -78.46 and a beta of 0.73.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The company had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $242.15 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. Tenable’s quarterly revenue 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. On average, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TENB. 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. Stifel Nicolaus boosted their price objective on shares of Tenable from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. DA Davidson boosted their price objective on shares of Tenable from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company restated an “overweight” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.69.

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.