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Mark C. Thurmond, Co-CEO and Chief Operating Officer of Tenable Holdings, Inc. (NASDAQ:TENB), a cybersecurity solutions provider with a market capitalization of $4.58 billion, recently executed a series of stock transactions totaling $414,640. According to a recent SEC filing, Thurmond sold 4,878 shares on February 26 at a price of $38.19 per share and an additional 5,984 shares on February 27 at $38.16 per share.
These sales were conducted to cover tax withholding obligations related to the vesting of restricted stock units. The transactions were automatically executed under a "sell to cover" arrangement, meaning they were not discretionary trades by Thurmond. According to InvestingPro data, while the company boasts impressive gross profit margins of 77.8%, it is currently working toward profitability, with analysts projecting positive earnings this year.
Following these transactions, Thurmond retains ownership of 63,433 shares of Tenable Holdings. The company, which specializes in cybersecurity solutions, is headquartered in Columbia, Maryland and has demonstrated solid revenue growth of 12.7% over the last twelve months. InvestingPro subscribers have access to 10 additional exclusive tips and comprehensive analysis for TENB, including detailed valuation metrics and growth forecasts.
In other recent news, Tenable Holdings Inc . reported fourth quarter adjusted earnings per share of $0.41, exceeding the analyst consensus of $0.34. The company’s revenue for the quarter reached $235.7 million, marking an 11% increase year-over-year and surpassing the projected $231.54 million. Despite these strong results, Tenable’s guidance for the first quarter and full year 2025 fell short of expectations, with a forecasted Q1 adjusted EPS of $0.28-$0.30 and revenue between $232-234 million, both below analyst estimates. For the full year 2025, Tenable projects adjusted EPS of $1.52-$1.60 on revenue of $971-981 million, compared to consensus estimates of $1.45 EPS and $982.9 million in revenue.
JPMorgan analyst Brian Essex recently raised Tenable’s stock price target from $50 to $53, maintaining an Overweight rating. This adjustment was influenced by Tenable’s impressive growth and profitability, driven by large deals and the adoption of its Tenable One and Exposure Solution products. The company also reported a strong non-GAAP operating margin of 25.2% for the fourth quarter. Additionally, Tenable plans to acquire Vulcan Cyber Ltd. to enhance its exposure management platform capabilities.
Tenable’s Co-CEO and CFO, Steve Vintz, expressed satisfaction with the company’s quarterly performance, highlighting strong traction in cloud and Tenable One. The company added 485 new enterprise platform customers and 135 net new six-figure customers during the quarter. Despite these achievements, the softer-than-expected guidance seems to have impacted investor sentiment.
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