Thrivent Financial for Lutherans Sells 31,365 Shares of Tenable Holdings, Inc. $TENB

Thrivent Financial for Lutherans lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 81.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,955 shares of the company’s stock after selling 31,365 shares during the period. Thrivent Financial for Lutherans’ holdings in Tenable were worth $203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TENB. Elevation Point Wealth Partners LLC purchased a new position in shares of Tenable during the 2nd quarter valued at $37,000. Exchange Traded Concepts LLC bought a new stake in Tenable during the third quarter valued at $45,000. Nisa Investment Advisors LLC grew its position in Tenable by 76.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock worth $78,000 after buying an additional 1,164 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Tenable in the 3rd quarter worth about $168,000. Finally, Berman McAleer LLC purchased a new stake in shares of Tenable in the 3rd quarter valued at about $210,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 25th. Stifel Nicolaus set a $24.00 target price on Tenable in a research note on Thursday, February 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 price target on shares of Tenable in a research note on Friday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Finally, Zacks Research raised shares of Tenable from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.94.

Tenable Stock Performance

Shares of TENB opened at $21.99 on Thursday. Tenable Holdings, Inc. has a 52 week low of $19.15 and a 52 week high of $39.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.62 billion, a P/E ratio of -73.30 and a beta of 0.63. The business’s 50 day moving average price is $23.01 and its 200-day moving average price is $26.90.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $260.53 million during the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the purchase, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director A Brooke Seawell sold 115,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.50% of the company’s stock.

About Tenable

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.