Stephens Investment Management Group LLC Buys 120,145 Shares of Tenable Holdings, Inc. $TENB

Stephens Investment Management Group LLC raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,101,773 shares of the company’s stock after buying an additional 120,145 shares during the quarter. Stephens Investment Management Group LLC owned about 0.91% of Tenable worth $32,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TENB. Ameriprise Financial Inc. boosted its stake in Tenable by 9.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,466,182 shares of the company’s stock worth $218,428,000 after acquiring an additional 547,496 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Tenable by 1,043.7% in the second quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock worth $109,434,000 after purchasing an additional 2,956,367 shares during the period. State Street Corp raised its holdings in Tenable by 1.4% in the second quarter. State Street Corp now owns 3,056,055 shares of the company’s stock worth $103,234,000 after purchasing an additional 43,098 shares during the period. First Trust Advisors LP boosted its position in shares of Tenable by 10.4% during the second quarter. First Trust Advisors LP now owns 2,937,689 shares of the company’s stock worth $99,235,000 after purchasing an additional 276,211 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Tenable by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 2,906,858 shares of the company’s stock valued at $98,206,000 after buying an additional 42,223 shares during the period. 89.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director A Brooke Seawell sold 115,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

Tenable Trading Down 2.3%

NASDAQ:TENB opened at $22.12 on Friday. The company has a market cap of $2.64 billion, a P/E ratio of -81.93 and a beta of 0.64. Tenable Holdings, Inc. has a twelve month low of $22.06 and a twelve month high of $45.44. The business has a 50 day moving average price of $25.13 and a two-hundred day moving average price of $28.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03.

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

Wall Street Analyst Weigh In

TENB has been the topic of several research analyst reports. DA Davidson set a $32.00 price objective on Tenable in a research note on Thursday, October 30th. JPMorgan Chase & Co. lowered their price target on Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Wall Street Zen lowered Tenable from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Piper Sandler decreased their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Finally, Morgan Stanley set a $30.00 target price on Tenable in a research note on Thursday, December 18th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.88.

Tenable Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.