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Mark C. Thurmond, the Co-Chief Executive Officer of Tenable Holdings, Inc. (NASDAQ:TENB), a $4 billion cybersecurity company with impressive 78% gross margins and 12% year-over-year revenue growth, recently executed a significant stock transaction, according to a recent SEC filing. On May 23, 2025, Thurmond sold 5,577 shares of Tenable Holdings’ common stock at an average price of $31.98 per share, totaling approximately $178,352. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The filing also detailed several acquisitions of common stock through the exercise of various stock units, though these transactions did not involve cash payments. On May 22 and 23, Thurmond acquired a total of 17,730 shares through the vesting of Performance Restricted Stock Units and Restricted Stock Units, which were converted into common stock. These acquisitions were part of a scheduled vesting process and did not involve any cash transactions. InvestingPro subscribers can access detailed insider trading patterns and 10+ additional ProTips about Tenable’s financial health and valuation metrics.
The stock sale was primarily conducted to cover tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Following these transactions, Thurmond holds 75,210 shares directly. While the company isn’t currently profitable, analysts expect positive earnings this year, with a forecasted EPS of $1.50 for fiscal year 2025.
In other recent news, Tenable Holdings Inc . reported its first-quarter earnings for 2025, surpassing Wall Street expectations with earnings per share of $0.36, compared to the forecasted $0.28. The company also reported revenue of $239.1 million, exceeding projections of $233.73 million. Despite these strong financial results, Tenable’s stock saw a decline in after-hours trading. Analysts from DA Davidson, Cantor Fitzgerald, Scotiabank (TSX:BNS), and Needham all adjusted their price targets for the company, citing concerns about its future guidance. DA Davidson lowered its price target to $28 while maintaining a Neutral rating, and Scotiabank adjusted its target to $30 with a Sector Perform rating. Cantor Fitzgerald and Needham also reduced their targets to $42 and $35, respectively, but maintained an Overweight and Buy rating on the stock. The company has expressed a cautious outlook for 2025, particularly concerning public sector spending, which has impacted its guidance. Despite these concerns, Tenable’s management remains optimistic about its long-term prospects, highlighting the strong performance of its Tenable One platform and ongoing demand for cloud security solutions.
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