Bayforest Capital Ltd Raises Holdings in Tenable Holdings, Inc. $TENB

Key Points

• Bayforest Capital Ltd has increased its stake in Tenable Holdings, Inc. by 124.7%, acquiring an additional 8,120 shares to total 14,630 shares, valued at $512,000.
• Several institutional investors have also bolstered their positions in Tenable, with notable increases from Mirae Asset Global Investments (+18.5%) and GAMMA Investing (+5,032.7%).
• Tenable reported earnings of $0.34 per share for the last quarter, exceeding analysts' expectations, along with a revenue increase of 11.8% year-over-year.

Bayforest Capital Ltd raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 124.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,630 shares of the company's stock after purchasing an additional 8,120 shares during the period. Bayforest Capital Ltd's holdings in Tenable were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TENB. BNP Paribas Financial Markets raised its position in Tenable by 30.4% during the 4th quarter. BNP Paribas Financial Markets now owns 99,798 shares of the company's stock valued at $3,930,000 after purchasing an additional 23,275 shares during the last quarter. Bank of America Corp DE raised its position in Tenable by 17.3% during the 4th quarter. Bank of America Corp DE now owns 672,380 shares of the company's stock valued at $26,478,000 after purchasing an additional 99,060 shares during the last quarter. Captrust Financial Advisors bought a new position in Tenable during the 4th quarter valued at approximately $279,000. Cubist Systematic Strategies LLC bought a new position in Tenable during the 4th quarter valued at approximately $1,835,000. Finally, Deutsche Bank AG raised its position in Tenable by 17.7% during the 4th quarter. Deutsche Bank AG now owns 297,576 shares of the company's stock valued at $11,719,000 after purchasing an additional 44,835 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Tenable Stock Down 2.1%

TENB stock traded down $0.64 on Friday, reaching $29.90. 853,670 shares of the company traded hands, compared to its average volume of 1,336,422. Tenable Holdings, Inc. has a one year low of $28.51 and a one 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. The company has a market cap of $3.62 billion, a P/E ratio of -80.81 and a beta of 0.73. The firm has a fifty day simple moving average of $31.40 and a 200-day simple moving average of $32.83.

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

Insider Buying and Selling

In related news, CEO Stephen A. Vintz sold 29,196 shares of the firm'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 transaction, the chief executive officer owned 358,949 shares of the company's stock, valued at $10,858,207.25. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barron Anschutz sold 1,261 shares of the firm'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 transaction, the insider directly owned 59,645 shares of the company's stock, valued at approximately $1,804,261.25. This trade represents a 2.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,549 shares of company stock worth $1,954,751 in the last 90 days. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TENB shares. Stifel Nicolaus increased their target price on Tenable from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Wedbush increased their target price on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Scotiabank increased their target price on Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. DA Davidson upped 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. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $38.00 target price (up from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Nine 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 an average target price 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.