Stephen A. Vintz, the Chief Financial Officer of Tenable Holdings, Inc. (NASDAQ:TENB), recently sold shares of the company's common stock. According to a Form 4 filing with the Securities and Exchange Commission, Vintz sold 2,801 shares on November 19 at a price of $40.72 per share, totaling approximately $114,056.
The sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. This transaction was not a discretionary trade, as it occurred automatically to satisfy these obligations. Following the sale, Vintz holds 281,536 shares of Tenable Holdings.
In other recent news, Tenable Holdings, Inc. reported robust financial performance in the third quarter of 2024, with revenues reaching $227.1 million, marking a 13% increase from the previous year. The firm's earnings per share stood at $0.32, and a $200 million augmentation to the share repurchase program was announced. Notably, this growth was fueled by demand for Tenable's One and Cloud Security products, as well as success in the public sector and mid-market. The company also welcomed 386 new enterprise customers and reported a year-over-year growth of 100% in Tenable Cloud Security.
The company's operating income reached $45 million, with a 20% operating margin, a significant increase from the previous year's 10%. Tenable's Q4 revenue is expected to fall between $229 million and $233 million, with full-year revenue projected between $893.3 million and $897.3 million. The non-GAAP diluted EPS for Q4 is estimated at $0.33 to $0.35.
In terms of future expectations, Tenable targets unlevered free cash flow of $280 million to $290 million for 2025. These recent developments highlight Tenable's resilience and growth despite macroeconomic challenges, with a focus on expanding its exposure management solutions and cloud security offerings.
InvestingPro Insights
To provide additional context to Stephen A. Vintz's recent stock transaction, let's examine some key financial metrics and insights for Tenable Holdings, Inc. (NASDAQ:TENB).
According to InvestingPro data, Tenable Holdings has a market capitalization of $4.91 billion and generated revenue of $877.6 million in the last twelve months as of Q3 2023. The company's revenue growth stands at 13.97% for the same period, indicating steady expansion in its business operations.
One of the standout features of Tenable is its impressive gross profit margin of 77.55%, which aligns with an InvestingPro Tip highlighting the company's "impressive gross profit margins." This strong margin suggests that Tenable has significant pricing power in its market and efficient cost management in its core operations.
Another relevant InvestingPro Tip notes that "17 analysts have revised their earnings upwards for the upcoming period." This positive sentiment from analysts could be indicative of improving financial prospects for Tenable, which may be of interest to investors considering the CFO's recent stock transaction.
It's worth noting that while Tenable is not currently profitable over the last twelve months, analysts predict the company will be profitable this year, according to another InvestingPro Tip. This projection of future profitability could be a factor in the company's valuation and investor outlook.
For those interested in a more comprehensive analysis, InvestingPro offers additional tips and insights, with a total of 10 tips available for Tenable Holdings. These tips cover various aspects of the company's financial health and market position, providing valuable information for investors looking to deepen their understanding of TENB's stock.
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