Nicholas Company Inc. Acquires 20,940 Shares of Tenable Holdings, Inc. $TENB

Nicholas Company Inc. grew its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 12.7% during the second quarter, Holdings Channel reports. The fund owned 186,323 shares of the company’s stock after purchasing an additional 20,940 shares during the period. Nicholas Company Inc.’s holdings in Tenable were worth $6,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of 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 acquiring an additional 312,299 shares during the period. RGM Capital LLC grew its holdings in shares of 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 acquiring an additional 72,607 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of 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 acquiring an additional 2,956,367 shares during the period. Penserra Capital Management LLC grew its holdings in shares of 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 acquiring an additional 544,375 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of 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 acquiring an additional 155,560 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TENB shares. Needham & Company LLC reduced their target price on Tenable from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group upped 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. Jefferies Financial Group restated a “hold” rating and issued a $38.00 price target (up previously from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Stifel Nicolaus upped their price target on Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, DA Davidson set a $32.00 price target on Tenable in a research note on Thursday. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.63.

Insiders Place Their Bets

In related news, CEO Stephen A. Vintz sold 29,196 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 value of $883,179.00. Following the transaction, the chief executive officer directly owned 358,949 shares of the company’s stock, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 28,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 102,322 shares in the company, valued at $3,095,240.50. This trade represents a 21.79% 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. Insiders own 1.50% of the company’s stock.

Tenable Stock Performance

Tenable stock opened at $29.02 on Friday. The company has a market capitalization of $3.51 billion, a P/E ratio of -107.48 and a beta of 0.73. Tenable Holdings, Inc. has a twelve month low of $28.45 and a twelve month high of $45.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The stock’s 50 day moving average is $29.91 and its 200 day moving average is $31.38.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The business had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period last 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. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.