Bayforest Capital Ltd Decreases Position in Tenable Holdings, Inc. $TENB

Bayforest Capital Ltd lowered its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 93.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 937 shares of the company’s stock after selling 13,693 shares during the period. Bayforest Capital Ltd’s holdings in Tenable were worth $32,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. CWM LLC increased its stake in shares of Tenable by 59.0% during the 2nd quarter. CWM LLC now owns 9,224 shares of the company’s stock worth $312,000 after purchasing an additional 3,423 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Tenable by 38.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 275,833 shares of the company’s stock valued at $9,318,000 after buying an additional 76,180 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Tenable by 6.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 24,900 shares of the company’s stock valued at $841,000 after buying an additional 1,600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Tenable by 62.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,453 shares of the company’s stock valued at $590,000 after buying an additional 6,689 shares in the last quarter. Finally, Tempus Wealth Planning LLC grew its stake in Tenable by 42.7% in the 2nd quarter. Tempus Wealth Planning LLC now owns 15,410 shares of the company’s stock valued at $521,000 after buying an additional 4,609 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Activity at Tenable

In other news, CEO Mark C. Thurmond sold 28,500 shares of Tenable stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $862,125.00. Following the completion of the sale, the chief executive officer directly owned 102,322 shares of the company’s stock, valued at approximately $3,095,240.50. The trade was a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total transaction of $139,214.64. Following the sale, the director directly owned 15,000 shares of the company’s stock, valued at $451,800. This represents a 23.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,579 shares of company stock valued at $1,922,664. 1.50% of the stock is currently owned by insiders.

Tenable Stock Down 0.5%

Shares of NASDAQ:TENB opened at $29.03 on Friday. The firm has a fifty day moving average price of $29.96 and a two-hundred day moving average price of $31.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94. Tenable Holdings, Inc. has a one year low of $28.51 and a one year high of $45.44. The company has a market cap of $3.52 billion, a price-to-earnings ratio of -78.46 and a beta of 0.73.

Tenable (NASDAQ:TENB) last announced its quarterly 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 net margin of 4.74% and a negative return on equity of 3.32%. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly 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. Analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on TENB shares. Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Stifel Nicolaus lifted their price objective on shares of Tenable from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research note on Wednesday, October 8th. UBS Group lifted their price objective on shares of Tenable from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC raised their price target on shares of Tenable from $35.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.69.

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.