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

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 690 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $35.76, for a total transaction of $24,674.40. Following the transaction, the director owned 7,012 shares of the company’s stock, valued at approximately $250,749.12. This represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Tenable Price Performance

Shares of Tenable stock traded down $1.17 during trading on Thursday, reaching $34.11. 1,489,799 shares of the company’s stock were exchanged, compared to its average volume of 3,229,858. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a market cap of $3.76 billion, a P/E ratio of 682.34 and a beta of 0.94. The firm’s 50-day moving average price is $34.46 and its 200 day moving average price is $25.92.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s quarterly 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. As a group, research analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on TENB shares. William Blair lowered Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Canaccord Genuity Group upped their price objective on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC raised their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Barclays cut their target price on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Stephens boosted their target price on shares of Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Tenable during the second quarter worth about $498,387,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares during the period. UBS Group AG boosted its stake in shares of Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Tenable during the second quarter worth $76,759,000. Finally, Norges Bank bought a new position in Tenable during the fourth quarter worth $44,542,000. 89.06% of the stock is owned by institutional investors and hedge funds.

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.