Tenable Holdings, Inc. $TENB Stock Holdings Increased by Banco Bilbao Vizcaya Argentaria S.A.

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. grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 117.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,061 shares of the company's stock after acquiring an additional 10,848 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Tenable were worth $703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TENB. Nuveen LLC acquired a new position in shares of Tenable in the 1st quarter valued at about $35,330,000. Shapiro Capital Management LLC boosted its holdings in shares of Tenable by 647.5% in the 4th quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock valued at $41,745,000 after buying an additional 918,235 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Tenable by 47.6% in the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock valued at $59,031,000 after buying an additional 544,375 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Tenable by 904.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock valued at $16,427,000 after buying an additional 375,581 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of Tenable in the 4th quarter valued at about $10,641,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Price Performance

Shares of NASDAQ:TENB traded down $0.11 during trading on Friday, reaching $30.98. The company had a trading volume of 138,584 shares, compared to its average volume of 1,399,911. The firm's fifty day moving average is $32.02 and its 200 day moving average is $33.48. The firm has a market capitalization of $3.75 billion, a PE ratio of -83.92 and a beta of 0.76. 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.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates 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%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior 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. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling

In related news, insider Barron Anschutz sold 1,261 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $38,145.25. Following the sale, the insider directly owned 59,645 shares in the company, valued at $1,804,261.25. The trade was a 2.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen A. Vintz sold 29,196 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,927 shares of company stock worth $1,815,537 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TENB shares. Morgan Stanley lifted their price target on shares of Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Barclays boosted their target price on shares of Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Jefferies Financial Group reissued a "hold" rating and set a $38.00 target price (up from $37.00) on shares of Tenable in a research note on Thursday, July 31st. UBS Group boosted their target price 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. Finally, Needham & Company LLC boosted their target price on shares of Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.06.

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.