Mirae Asset Global Investments Co. Ltd. Buys 6,689 Shares of Tenable Holdings, Inc. $TENB

Mirae Asset Global Investments Co. Ltd. increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 62.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,453 shares of the company’s stock after acquiring an additional 6,689 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Tenable were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TENB. Byrne Asset Management LLC lifted its stake in shares of Tenable by 115.4% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $47,000 after acquiring an additional 727 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Tenable in the 1st quarter valued at about $69,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Tenable by 743.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock valued at $86,000 after acquiring an additional 2,178 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Tenable in the 1st quarter valued at about $109,000. Finally, KBC Group NV lifted its stake in shares of Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company’s stock valued at $198,000 after acquiring an additional 919 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark C. Thurmond sold 28,500 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $862,125.00. Following the transaction, the chief executive officer directly owned 102,322 shares of the company’s stock, valued at $3,095,240.50. This represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen A. Vintz sold 29,196 shares of the stock in a transaction on Monday, August 25th. The shares were 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 in the company, valued at $10,858,207.25. The trade was a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,549 shares of company stock valued at $1,954,751. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TENB. Barclays boosted their target price on Tenable from $33.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Scotiabank upped their price target on Tenable from $30.00 to $37.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. DA Davidson upped their price target on Tenable from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Needham & Company LLC upped their price target on Tenable from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Tenable has an average rating of “Hold” and a consensus price target of $41.06.

Tenable Stock Down 1.8%

Shares of NASDAQ:TENB opened at $29.06 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $3.52 billion, a P/E ratio of -78.54 and a beta of 0.73. The stock has a 50 day moving average price of $30.02 and a 200-day moving average price of $31.83. Tenable Holdings, Inc. has a 52-week low of $28.51 and a 52-week high of $45.44.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The business had revenue of $247.30 million for the quarter, compared to the consensus estimate of $242.15 million. During the same period last year, the business posted $0.31 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. As a group, equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Tenable Company 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.