Algert Global LLC Grows Stock Holdings in Tenable Holdings, Inc. $TENB

Key Points

• Algert Global LLC increased its stake in Tenable Holdings, Inc. by 70.1%, acquiring an additional 95,879 shares during the 1st quarter, bringing its total ownership to 232,613 shares valued at approximately $8.1 million.
• Several hedge funds, including First Trust Advisors LP and Penserra Capital Management LLC, also increased their positions in Tenable, indicating a strong interest among institutional investors.
• Tenable reported a $0.34 EPS for the last quarter, surpassing analysts' expectations, with a year-over-year revenue increase of 11.8%.

Algert Global LLC raised its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 70.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 232,613 shares of the company's stock after buying an additional 95,879 shares during the period. Algert Global LLC owned about 0.19% of Tenable worth $8,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Tenable by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after purchasing an additional 1,682 shares during the period. KBC Group NV increased its stake in shares of Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after acquiring an additional 919 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Tenable by 41.9% in the 4th quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock worth $2,671,000 after acquiring an additional 20,031 shares in the last quarter. Invesco Ltd. increased its stake in shares of Tenable by 15.6% in the 4th quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after acquiring an additional 13,655 shares in the last quarter. Finally, One68 Global Capital LLC bought a new position in shares of Tenable in the 4th quarter worth about $591,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TENB. JPMorgan Chase & Co. reduced their price objective on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Robert W. Baird reduced their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. UBS Group raised their price objective on shares of Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. DA Davidson raised their price objective on shares of Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Tenable currently has an average rating of "Moderate Buy" and a consensus target price of $41.06.

Insider Activity

In related news, insider Barron Anschutz sold 970 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.08, for a total value of $32,087.60. Following the completion of the sale, the insider directly owned 58,311 shares of the company's stock, valued at $1,928,927.88. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen A. Vintz sold 3,386 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $109,875.70. Following the completion of the sale, the chief executive officer directly owned 328,008 shares of the company's stock, valued at approximately $10,643,859.60. This trade represents a 1.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,815 shares of company stock valued at $669,797. 1.50% of the stock is currently owned by company insiders.

Tenable Trading Down 1.0%

NASDAQ TENB traded down $0.31 on Wednesday, hitting $30.39. 1,180,532 shares of the stock were exchanged, compared to its average volume of 1,573,291. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average price of $32.27 and a two-hundred day moving average price of $33.96. The firm has a market capitalization of $3.68 billion, a P/E ratio of -82.13 and a beta of 0.76. Tenable Holdings, Inc. has a 52-week low of $28.51 and a 52-week high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. Tenable's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. Research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.