AQR Capital Management LLC Acquires 139,831 Shares of Tenable Holdings, Inc. $TENB

Key Points

• AQR Capital Management LLC increased its stake in Tenable Holdings, Inc. by 132.8% in the 1st quarter, owning a total of 245,111 shares worth approximately $8,574,000.
• Multiple large investors have also significantly increased their holdings in Tenable, with institutional investors now owning 89.06% of the company's stock.
• The stock's average analyst rating is a "Moderate Buy", with an average price target of $41.06 after several analysts raised their price objectives in recent reports.

AQR Capital Management LLC increased its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 132.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 245,111 shares of the company's stock after acquiring an additional 139,831 shares during the quarter. AQR Capital Management LLC owned about 0.20% of Tenable worth $8,574,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Xponance Inc. grew its holdings in shares of Tenable by 6.6% during the 1st quarter. Xponance Inc. now owns 9,021 shares of the company's stock valued at $316,000 after purchasing an additional 562 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Tenable by 1.8% during the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after purchasing an additional 564 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Tenable by 1.1% during the 1st quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock valued at $2,086,000 after purchasing an additional 651 shares during the last quarter. Amundi grew its holdings in shares of Tenable by 1.2% during the 1st quarter. Amundi now owns 58,149 shares of the company's stock valued at $1,939,000 after purchasing an additional 676 shares during the last quarter. Finally, Byrne Asset Management LLC grew its holdings in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after purchasing an additional 727 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TENB. Scotiabank lifted their price target on shares of Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their target price on shares of Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. DA Davidson lifted their target price on shares of Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Morgan Stanley lifted their target price on shares of Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, UBS Group lifted their target price on shares of Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Tenable currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

Tenable Trading Up 0.6%

Shares of NASDAQ TENB traded up $0.19 during midday trading on Wednesday, reaching $29.81. The stock had a trading volume of 1,281,950 shares, compared to its average volume of 1,312,266. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of -80.57 and a beta of 0.73. Tenable Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $45.44. 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 company's 50 day moving average price is $31.09 and its 200 day moving average price is $32.66.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating 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 revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity at Tenable

In other news, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $883,179.00. Following the completion of the sale, the chief executive officer owned 358,949 shares in the company, valued at $10,858,207.25. The trade was a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark C. Thurmond sold 28,500 shares of Tenable stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $862,125.00. Following the completion of the sale, the chief executive officer owned 102,322 shares of the company's stock, valued at $3,095,240.50. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,549 shares of company stock worth $1,954,751. 1.50% of the stock is owned by insiders.

About Tenable

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.