Cigna earnings beat by $0.04, revenue topped estimates
Mark C. Thurmond, Co-CEO and Chief Operating Officer of Tenable Holdings, Inc. (NASDAQ:TENB), recently sold shares valued at $138,758. According to a recent SEC filing, the sale involved 3,606 shares at a price of $38.48 each, close to the current trading price of $38.06. The transaction was carried out to cover tax obligations related to the vesting of restricted stock units, rather than as a discretionary trade by Thurmond. The company, valued at $4.66 billion, maintains impressive gross profit margins of 78%.
The filing also detailed several acquisitions of common stock through the vesting of restricted stock units and performance restricted stock units, although these transactions did not involve any cash exchange. Following these transactions, Thurmond’s total direct ownership stands at 74,295 shares. For deeper insights into TENB’s valuation and growth prospects, InvestingPro subscribers have access to exclusive analysis and comprehensive financial metrics.
Tenable Holdings, a company specializing in cybersecurity solutions, continues to be active in managing its executive compensation and stock transactions, as reflected in this latest Form 4 filing. The company has demonstrated solid growth with revenue increasing by 13% in the last twelve months to $900 million, while operating with a moderate level of debt.
In other recent news, Tenable Holdings, Inc. reported better-than-expected fourth-quarter earnings with adjusted earnings per share of $0.41, surpassing the analyst consensus of $0.34. Revenue for the quarter reached $235.7 million, marking an 11% year-over-year increase and exceeding the projected $231.54 million. Despite this strong performance, the company’s guidance for the first quarter and full year 2025 fell short of analyst expectations. Tenable forecasted first-quarter adjusted EPS of $0.28-$0.30 and revenue of $232-234 million, both below analyst estimates. For the full year 2025, the company anticipates 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.
In other developments, Tenable announced plans to acquire Vulcan Cyber Ltd. to enhance its exposure management platform capabilities. JPMorgan analyst Brian Essex raised the price target for Tenable to $53 from $50, maintaining an Overweight rating due to the company’s recent performance and robust free cash flow outlook. The company reported a strong non-GAAP operating margin of 25.2% for the fourth quarter and plans to expand its sales force in FY25. Tenable’s strategic focus on large deals and successful adoption of its Tenable One and Exposure Solution products contributed to its competitive wins, particularly among Fortune 500 companies.
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