Capital Fund Management S.A. Increases Position in Tenable Holdings, Inc. $TENB

Key Points

• Capital Fund Management S.A. increased its stake in Tenable Holdings, Inc. by 21.9% during the first quarter, owning 86,417 shares worth approximately $3.02 million.
• Tenable's earnings per share for the latest quarter were reported at $0.34, surpassing the consensus estimate of $0.30.
• Institutional investors now hold 89.06% of Tenable's stock, indicating strong investor confidence in the company's performance.

Capital Fund Management S.A. grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 21.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,417 shares of the company's stock after acquiring an additional 15,530 shares during the period. Capital Fund Management S.A. owned about 0.07% of Tenable worth $3,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Penserra Capital Management LLC raised its stake in Tenable by 47.6% during the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock valued at $59,031,000 after purchasing an additional 544,375 shares during the period. ArrowMark Colorado Holdings LLC grew its holdings in Tenable by 5.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock valued at $64,629,000 after buying an additional 84,669 shares in the last quarter. Northern Trust Corp raised its position in shares of Tenable by 7.8% during the fourth quarter. Northern Trust Corp now owns 1,187,857 shares of the company's stock valued at $46,778,000 after buying an additional 85,485 shares during the last quarter. Shapiro Capital Management LLC lifted its holdings in shares of Tenable by 647.5% in the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock worth $41,745,000 after buying an additional 918,235 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Tenable by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,031,226 shares of the company's stock worth $36,072,000 after acquiring an additional 39,132 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. DA Davidson lifted their price target on shares of Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wedbush upped their price target on shares of Tenable from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on shares of Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Barclays lifted their price target on Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Scotiabank upped their price objective on Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

Insider Buying and Selling

In other news, 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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen A. Vintz sold 29,196 shares of Tenable stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $883,179.00. Following the sale, the chief executive officer directly owned 358,949 shares of the company's stock, valued at $10,858,207.25. This represents a 7.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,927 shares of company stock valued at $1,815,537 in the last 90 days. Company insiders own 1.50% of the company's stock.

Tenable Trading Down 0.5%

Shares of NASDAQ TENB traded down $0.17 during midday trading on Friday, hitting $30.92. The company's stock had a trading volume of 1,327,146 shares, compared to its average volume of 1,474,425. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The firm has a market cap of $3.74 billion, a P/E ratio of -83.57 and a beta of 0.76. The business's 50 day moving average is $32.00 and its two-hundred day moving average is $33.38.

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. 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 for the quarter, compared to the consensus estimate of $242.15 million. During the same quarter in the prior year, the company posted $0.31 EPS. Tenable's quarterly revenue 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. As a group, equities research analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

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.