Banco Bilbao Vizcaya Argentaria S.A. Acquires 10,848 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Tenable Holdings, Inc. by 117.7%, acquiring an additional 10,848 shares, bringing its total to 20,061 shares valued at $703,000.
• Several hedge funds, including Byrne Asset Management and Caitong International Asset Management, have also significantly increased their stakes in Tenable, highlighting a strong institutional interest in the company.
• Tenable's recent quarterly earnings exceeded expectations, with a reported EPS of $0.34, beating the consensus estimate by $0.04, and a revenue growth of 11.8% year-over-year.

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 117.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,061 shares of the company's stock after acquiring an additional 10,848 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Tenable were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TENB. Byrne Asset Management LLC raised its holdings in Tenable by 115.4% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after purchasing an additional 727 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Tenable in the fourth quarter worth about $53,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Tenable during the 1st quarter valued at approximately $69,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock worth $86,000 after acquiring an additional 2,178 shares during the period. Finally, Quarry LP grew its holdings in shares of Tenable by 307.1% during the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock worth $104,000 after acquiring an additional 1,999 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TENB. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird decreased their price objective on Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Westpark Capital restated a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. UBS Group upped 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. Finally, 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 research report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Tenable presently has an average rating of "Moderate Buy" and a consensus price target of $41.06.

Tenable Price Performance

TENB opened at $30.68 on Friday. The firm has a market cap of $3.72 billion, a PE ratio of -82.92 and a beta of 0.76. The stock has a 50-day moving average price of $32.21 and a 200-day moving average price of $33.71. Tenable Holdings, Inc. has a 1 year low of $28.51 and a 1 year high of $45.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $247.30 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 2,483 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $80,573.35. Following the sale, the chief executive officer directly owned 72,727 shares in the company, valued at approximately $2,359,991.15. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen A. Vintz sold 3,386 shares of Tenable stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value 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. The trade was a 1.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,494 shares of company stock valued at $243,791 over the last 90 days. Corporate insiders own 1.50% of the company's stock.

Tenable 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.

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