Tenable appoints Eric Doerr as Chief Product Officer to enhance cybersecurity product strategy and innovation.
Quiver AI Summary
Tenable, an exposure management company, announced the appointment of Eric Doerr as Chief Product Officer, bringing nearly 30 years of security product experience from companies like Microsoft and Google Cloud. Doerr will lead Tenable's global product strategy and execution, especially as the company prepares to launch an expanded version of its Tenable One platform, enhancing its cybersecurity offerings. His expertise in cloud security and product innovation is seen as crucial to advancing Tenable's vision in exposure management. Current CPO Shai Morag will assist during the transition, and Tenable expressed gratitude for his contributions to the company's growth.
Potential Positives
- Appointment of Eric Doerr as Chief Product Officer, bringing nearly three decades of experience in building and scaling security products from companies like Microsoft and Google Cloud.
- Doerr's leadership is expected to enhance Tenable's global product organization and accelerate the company's vision in exposure management, particularly in cloud security.
- The upcoming launch of an expanded version of the Tenable One platform aims to provide comprehensive exposure management capabilities, reinforcing Tenable's position in the cybersecurity industry.
Potential Negatives
- The transition of leadership from Shai Morag, the current CPO, during a critical period may cause instability or uncertainty within the product team.
- The use of forward-looking statements emphasizes potential risks and uncertainties that could adversely affect future operations and results, raising concerns for stakeholders.
- The acknowledgment of operating in a "very competitive and rapidly changing environment" suggests pressures that could impact Tenable's market position and performance.
FAQ
Who is Eric Doerr?
Eric Doerr is the newly appointed Chief Product Officer at Tenable, bringing extensive experience from Google Cloud and Microsoft.
What will Eric Doerr's role be at Tenable?
He will lead Tenable's global product organization, focusing on strategy, innovation, and execution in cybersecurity.
What recent developments is Tenable planning?
Tenable is set to launch a significantly expanded version of its Tenable One platform, enhancing exposure management capabilities.
Why is Eric Doerr a valuable addition to Tenable?
His expertise in cloud-native security and large-scale product innovation aligns with Tenable's vision for advanced exposure management.
What is Tenable's mission?
Tenable aims to close cybersecurity gaps to protect business value and reduce risk for approximately 44,000 customers globally.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TENB Insider Trading Activity
$TENB insiders have traded $TENB stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 have been sales.
Here’s a breakdown of recent trading of $TENB stock by insiders over the last 6 months:
- STEPHEN A VINTZ (Co-CEO,Chief Financial Officer) has made 0 purchases and 7 sales selling 28,879 shares for an estimated $1,143,317.
- MARK C. THURMOND (Co-CEO,Chief Operating Officer) has made 0 purchases and 10 sales selling 25,546 shares for an estimated $1,016,100.
- AMIT YORAN (President, CEO and Chairman) has made 0 purchases and 3 sales selling 15,874 shares for an estimated $667,666.
- LINDA KAY ZECHER sold 2,500 shares for an estimated $92,500
- RAYMOND JR. VICKS sold 809 shares for an estimated $31,162
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TENB Hedge Fund Activity
We have seen 161 institutional investors add shares of $TENB stock to their portfolio, and 134 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 1,433,485 shares (-35.2%) from their portfolio in Q4 2024, for an estimated $56,450,639
- ION ASSET MANAGEMENT LTD. removed 1,142,940 shares (-95.6%) from their portfolio in Q4 2024, for an estimated $45,008,977
- SHAPIRO CAPITAL MANAGEMENT LLC added 918,235 shares (+647.5%) to their portfolio in Q4 2024, for an estimated $36,160,094
- BLACKROCK, INC. added 829,503 shares (+7.5%) to their portfolio in Q4 2024, for an estimated $32,665,828
- PICTET ASSET MANAGEMENT HOLDING SA removed 825,332 shares (-42.9%) from their portfolio in Q4 2024, for an estimated $32,501,574
- VANGUARD GROUP INC added 708,249 shares (+5.3%) to their portfolio in Q4 2024, for an estimated $27,890,845
- CRAMER ROSENTHAL MCGLYNN LLC removed 550,138 shares (-79.4%) from their portfolio in Q4 2024, for an estimated $21,664,434
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TENB Analyst Ratings
Wall Street analysts have issued reports on $TENB in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 04/23/2025
To track analyst ratings and price targets for $TENB, check out Quiver Quantitative's $TENB forecast page.
$TENB Price Targets
Multiple analysts have issued price targets for $TENB recently. We have seen 2 analysts offer price targets for $TENB in the last 6 months, with a median target of $43.5.
Here are some recent targets:
- Roger Boyd from UBS set a target price of $47.0 on 04/23/2025
- An analyst from Morgan Stanley set a target price of $40.0 on 03/18/2025
Full Release
COLUMBIA, Md., April 29, 2025 (GLOBE NEWSWIRE) -- Tenable® , the exposure management company, today announced the appointment of Eric Doerr as Chief Product Officer (CPO). Doerr brings nearly three decades of experience building and scaling security products at some of the world’s most respected technology companies, including Microsoft and, most recently, Google Cloud.
At Tenable, Doerr will lead the company’s global product organization, overseeing strategy, innovation and execution across its growing cybersecurity portfolio. His appointment comes at a pivotal moment, as Tenable prepares to launch a significantly expanded version of its Tenable One platform—designed to deliver the most comprehensive exposure management capabilities in the industry. It also coincides with Tenable’s demonstrated momentum in cloud security.
“Tenable has a clear and compelling vision for the future of cybersecurity—one that unifies visibility, prioritization and remediation across the modern attack surface,” said Steve Vintz, co-CEO, Tenable. “Eric’s deep expertise in cloud-native security, threat intelligence, and large-scale product innovation makes him the ideal leader to advance our exposure management vision and accelerate our impact across the enterprise.”
Doerr most recently served as Vice President of Security Products at Google Cloud, where he led a broad portfolio including Google SecOps (formerly Chronicle) and Google Threat Intelligence, as well as the Mandiant integration. Prior to Google, he spent more than 20 years at Microsoft in senior leadership roles across the security and identity space, including General Manager of Microsoft Account and Corporate Vice President of Cloud Security and the Microsoft Security Response Center (MSRC).
“Tenable is transforming how organizations think about and reduce cyber risk,” said Doerr. “Its forward-thinking approach to exposure management and its rapid innovation in cloud security make this an incredibly exciting time to join. I’m thrilled to be part of a team that’s building the future of cybersecurity.”
Shai Morag, Tenable’s current CPO, will remain at the company during the transition period. The company thanks Mr. Morag for his leadership and many contributions to Tenable’s product strategy and growth.
About Tenable
Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered
exposure management platform
radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at
tenable.com
.
Media Contact:
Tenable
[email protected]
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the effects of appointing the CPO, future results of operations, and business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate,” "believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. These risks and uncertainties are detailed in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2024 as well as other filings that we make from time to time with the SEC, which are available on the SEC's website at sec.gov. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.