Linda Kay Zecher Sells 690 Shares of Tenable (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 690 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.76, for a total value of $24,674.40. Following the sale, the director owned 7,012 shares in the company, valued at approximately $250,749.12. The trade was a 8.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Linda Kay Zecher also recently made the following trade(s):

• On Tuesday, August 18th, Linda Kay Zecher sold 700 shares of Tenable stock. The stock was sold at an average price of $35.46, for a total value of $24,822.00.

Tenable Trading Down 3.3%

TENB traded down $1.17 during trading on Thursday, hitting $34.11. The company’s stock had a trading volume of 1,489,799 shares, compared to its average volume of 3,229,858. The stock’s fifty day moving average price is $34.46 and its 200-day moving average price is $25.92. The firm has a market capitalization of $3.76 billion, a P/E ratio of 682.34 and a beta of 0.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $43.67.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Tenable’s revenue was up 8.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Analysts anticipate that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Hedge Funds Weigh In On Tenable

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Tenable by 11.5% in the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after acquiring an additional 12,868 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Tenable by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after purchasing an additional 17,349 shares during the last quarter. Jane Street Group LLC increased its position in Tenable by 83.6% in the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after buying an additional 51,266 shares during the last quarter. Invesco Ltd. raised its stake in shares of Tenable by 12.9% in the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after buying an additional 13,903 shares during the period. Finally, Amundi increased its holdings in Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after acquiring an additional 30,256 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

TENB has been the subject of several research reports. Stephens lifted their price target on shares of Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Stifel Nicolaus raised their price target on shares of Tenable from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Morgan Stanley set a $27.00 price objective on Tenable in a research note on Thursday, April 30th. Canaccord Genuity Group upped their price target on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Piper Sandler cut Tenable from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $30.00 in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Tenable presently has an average rating of “Hold” and an average price target of $34.68.

Tenable Company 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.