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Stephen A. Vintz, the Co-CEO and Chief Financial Officer of Tenable Holdings, Inc. (NASDAQ:TENB), recently sold shares of the company’s common stock valued at approximately $494,932. This transaction was disclosed in a filing with the Securities and Exchange Commission. According to InvestingPro data, Tenable maintains impressive gross profit margins of 77.8% and is expected to achieve profitability this year, despite currently trading near its 52-week low of $35.25.
The sales took place over two days, with Vintz selling 6,284 shares on February 26 at a price of $38.19 per share, and 6,681 shares on February 27 at $38.16 per share. These transactions were executed to cover tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Following these sales, Vintz still holds 316,523 shares of Tenable. With 15 analysts recently revising their earnings expectations downward, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
These transactions are part of a "sell to cover" strategy, automatically executed to meet tax obligations and not discretionary trades by Vintz. The company currently operates with a moderate debt level and has generated $213.2 million in levered free cash flow over the last twelve months.
In other recent news, Tenable Holdings Inc . reported fourth-quarter adjusted earnings per share of $0.41, exceeding analyst expectations of $0.34. The company also achieved revenue of $235.7 million, surpassing the projected $231.54 million and marking an 11% year-over-year increase. Despite these strong results, Tenable’s guidance for the first quarter and full year 2025 fell short of analyst estimates, with projected Q1 adjusted EPS of $0.28-$0.30 and revenue of $232-234 million, compared to consensus estimates of $0.33 EPS and $235.7 million in revenue. For the full year, Tenable anticipates adjusted EPS of $1.52-$1.60 on revenue of $971-981 million, slightly below the consensus of $1.45 EPS and $982.9 million in revenue.
In addition to earnings, Tenable plans to acquire Vulcan Cyber Ltd. to enhance its exposure management platform. The company also reported the addition of 485 new enterprise platform customers and 135 net new six-figure customers in the quarter. JPMorgan analyst Brian Essex raised the price target for Tenable to $53 from $50, maintaining an Overweight rating, citing the company’s robust free cash flow outlook and significant growth driven by large deals. The company’s non-GAAP operating margin for the fourth quarter was a strong 25.2%, and it plans to expand its sales force in FY25. Despite a conservative stance on its federal business outlook, Tenable has not observed any contract cancellations or changes in federal projects.
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