Capital Fund Management S.A. Acquires 15,530 Shares of 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 stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 21.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,417 shares of the company's stock after buying an additional 15,530 shares during the period. Capital Fund Management S.A. owned approximately 0.07% of Tenable worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Tenable by 117.7% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,061 shares of the company's stock worth $703,000 after purchasing an additional 10,848 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Tenable during the first quarter worth about $69,000. Hsbc Holdings PLC raised its position in shares of Tenable by 7.0% during the first quarter. Hsbc Holdings PLC now owns 71,629 shares of the company's stock worth $2,462,000 after purchasing an additional 4,686 shares during the period. Algert Global LLC raised its position in Tenable by 70.1% in the 1st quarter. Algert Global LLC now owns 232,613 shares of the company's stock valued at $8,137,000 after buying an additional 95,879 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Tenable by 47.2% in the 1st quarter. Raymond James Financial Inc. now owns 100,463 shares of the company's stock valued at $3,515,000 after buying an additional 32,226 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Insider Activity

In other news, CEO Stephen A. Vintz sold 29,196 shares of the company's stock in a transaction 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 directly owned 358,949 shares in the company, valued at approximately $10,858,207.25. This represents a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Barron Anschutz sold 1,261 shares of the business's stock in a transaction on Monday, August 25th. The stock was 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 $1,804,261.25. This trade represents a 2.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 59,927 shares of company stock worth $1,815,537. 1.50% of the stock is currently owned by company insiders.

Tenable Stock Performance

TENB traded up $0.51 during trading on Thursday, hitting $31.09. The stock had a trading volume of 1,665,080 shares, compared to its average volume of 1,407,736. The company has a 50 day moving average price of $32.06 and a 200-day moving average price of $33.55. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -84.02 and a beta of 0.76. 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.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results 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. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The company's revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company 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, research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on TENB. Needham & Company LLC increased their price objective on shares of Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird lowered their price target on Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $45.00 price target (up previously from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and set a $38.00 price target (up previously from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.