Tenable appoints Matthew Brown as CFO to drive strategic growth and enhance financial operations.
Quiver AI Summary
Tenable has appointed Matthew Brown as its new Chief Financial Officer, effective immediately. Brown replaces Steve Vintz, who has become Co-CEO alongside Mark Thurmond. With over 20 years of experience in finance within the technology sector, Brown previously served as CFO at Altair Engineering, where he contributed to significant growth and a major acquisition by Siemens. He has also held senior finance positions at notable companies like NortonLifeLock and Symantec. Both Vintz and Brown express confidence in Brown's ability to enhance Tenable's growth through strategic financial leadership. Brown holds a B.S. in Business Administration from UC Berkeley and is a licensed CPA in California.
Potential Positives
- Appointment of Matthew Brown as Chief Financial Officer brings over two decades of technology financial leadership experience, enhancing the financial management of the company.
- Brown’s proven track record includes delivering double-digit software revenue growth and leading a significant company sale for $10.7 billion, suggesting potential for similar growth at Tenable.
- The appointment aligns with Tenable's focus on strategic growth and improving operational efficiency, indirectly supporting the company's long-term vision.
- Steve Vintz, Co-CEO, endorses Brown's appointment, emphasizing his capability to drive shareholder value, which may enhance investor confidence.
Potential Negatives
- Appointment of a new CFO may indicate instability or transition within the company's leadership, particularly following the recent appointment of a Co-CEO, which could lead to uncertainties among investors and stakeholders.
- Forward-looking statements highlight potential risks and uncertainties in the company's future performance, indicating that actual results may differ significantly from expectations.
- The press release emphasizes a competitive and rapidly changing environment, which could undermine confidence in the company's ability to maintain its market position.
FAQ
Who is the new CFO of Tenable?
The new Chief Financial Officer of Tenable is Matthew Brown, appointed effective immediately.
What prior experience does Matthew Brown have?
Matthew Brown has over 20 years of experience in the technology sector, including roles at Altair Engineering and NortonLifeLock.
What did Steve Vintz say about Matthew Brown?
Steve Vintz highlighted Brown's track record in scaling businesses, operational efficiency, and enhancing shareholder value.
What is Tenable's primary focus as a company?
Tenable focuses on exposure management, addressing cybersecurity gaps to protect business assets and reputation.
How does Tenable's platform enhance security?
Tenable's AI-powered platform unifies security visibility and action across various environments, reducing business risk for its customers.
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 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $TENB stock by insiders over the last 6 months:
- STEPHEN A VINTZ (Co-Chief Executive Officer) has made 0 purchases and 5 sales selling 27,401 shares for an estimated $987,769.
- MARK C. THURMOND (Co-Chief Executive Officer) has made 0 purchases and 5 sales selling 22,528 shares for an estimated $812,324.
- BARRON ANSCHUTZ has made 0 purchases and 3 sales selling 2,870 shares for an estimated $93,157.
- LINDA KAY ZECHER sold 2,500 shares for an estimated $92,500
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TENB Hedge Fund Activity
We have seen 160 institutional investors add shares of $TENB stock to their portfolio, and 177 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 7,239,646 shares (-61.2%) from their portfolio in Q2 2025, for an estimated $244,555,241
- MORGAN STANLEY added 3,022,671 shares (+252.3%) to their portfolio in Q2 2025, for an estimated $102,105,826
- ASSENAGON ASSET MANAGEMENT S.A. added 2,956,367 shares (+1043.7%) to their portfolio in Q2 2025, for an estimated $99,866,077
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 2,434,850 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $82,249,233
- ALYESKA INVESTMENT GROUP, L.P. added 2,041,526 shares (+1756.0%) to their portfolio in Q2 2025, for an estimated $68,962,748
- ARROWMARK COLORADO HOLDINGS LLC removed 1,517,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $51,244,260
- SHAPIRO CAPITAL MANAGEMENT LLC added 1,293,273 shares (+98.8%) to their portfolio in Q2 2025, for an estimated $43,686,761
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 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 07/31/2025
- Needham issued a "Buy" rating on 07/31/2025
- Wedbush issued a "Outperform" rating on 07/31/2025
- UBS issued a "Buy" rating on 07/31/2025
- Baird issued a "Outperform" rating on 04/30/2025
- JP Morgan issued a "Overweight" rating on 04/28/2025
- Cantor Fitzgerald issued a "Overweight" rating on 03/31/2025
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 15 analysts offer price targets for $TENB in the last 6 months, with a median target of $42.0.
Here are some recent targets:
- Joseph Gallo from Jefferies set a target price of $38.0 on 07/31/2025
- Rudy Kessinger from DA Davidson set a target price of $34.0 on 07/31/2025
- Hamza Fodderwala from Morgan Stanley set a target price of $32.0 on 07/31/2025
- Mike Cikos from Needham set a target price of $42.0 on 07/31/2025
- Patrick Colville from Scotiabank set a target price of $37.0 on 07/31/2025
- Daniel Ives from Wedbush set a target price of $42.0 on 07/31/2025
- Roger Boyd from UBS set a target price of $43.0 on 07/31/2025
Full Release
COLUMBIA, Md., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Tenable® (NASDAQ: TENB), the exposure management company , today announced the appointment of Matthew Brown as Chief Financial Officer, effective immediately. Brown succeeds Steve Vintz, who recently was appointed as a Co-Chief Executive Officer of the Company alongside Mark Thurmond.
Brown is an accomplished public company finance leader with more than two decades of experience in the technology sector. Most recently, he served as Chief Financial Officer of Altair Engineering, where he played a pivotal role in driving the company’s strategic growth, delivering consistent double-digit software revenue growth and margin expansion, and ultimately helping lead its sale to Siemens for $10.7 billion. Prior to Altair, Brown held senior finance roles at NortonLifeLock, Symantec, Blue Coat, Brocade, NETGEAR, and KPMG, specializing in strategic planning, M&A, investor relations, controllership and operational excellence.
“Matt brings a proven track record of scaling global technology businesses, delivering operational efficiency, and driving shareholder value,” said Steve Vintz, Co-CEO, Tenable. “His strategic mindset, deep financial expertise, and collaborative leadership style make him the ideal partner to help Tenable accelerate growth and achieve our long-term vision.”
“Tenable is in a prime position to lead the future of exposure management, and I couldn’t be more excited to join this remarkable team,” said Matthew Brown. “The opportunity to pair Tenable’s market leadership with bold financial strategy is incredibly energizing, and I’m ready to help propel the company to its next chapter of growth.”
Brown holds a B.S. in Business Administration from the Haas School of Business at the University of California, Berkeley, and is a licensed Certified Public Accountant in California.
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 Chief Financial Officer, 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.