Caxton Associates LLP Makes New Investment in Tenable Holdings, Inc. $TENB

Key Points

• Caxton Associates LLP acquired 13,311 shares of Tenable Holdings, Inc. (TENB) in the first quarter, valued at approximately $466,000.
• Several other institutional investors increased their positions in TENB during Q1, with 89.06% of the stock now held by these investors.
• The company reported a quarterly EPS of $0.34, exceeding analyst expectations, with revenue growing by 11.8% year-over-year.

Caxton Associates LLP acquired a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,311 shares of the company's stock, valued at approximately $466,000.

Other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new stake in Tenable during the 1st quarter worth approximately $35,330,000. Shapiro Capital Management LLC increased its holdings in Tenable by 647.5% in the fourth 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 in the last quarter. Penserra Capital Management LLC increased its stake 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 purchasing an additional 544,375 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Tenable by 828.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 432,564 shares of the company's stock worth $15,131,000 after buying an additional 385,975 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Tenable by 5.6% during the first quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock valued at $207,038,000 after purchasing an additional 312,299 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Trading Up 1.8%

Shares of TENB stock traded up $0.53 during mid-day trading on Wednesday, reaching $30.15. The company's stock had a trading volume of 229,791 shares, compared to its average volume of 1,393,234. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44. The company's 50 day simple moving average is $31.21 and its 200-day simple moving average is $32.68. The firm has a market capitalization of $3.65 billion, a PE ratio of -81.58 and a beta of 0.73.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.34 EPS 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 the consensus estimate of $242.15 million. During the same period in the previous year, the firm posted $0.31 earnings per share. Tenable's quarterly revenue was up 11.8% compared to the same quarter last year. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. On average, research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TENB has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $45.00 target price (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Barclays increased their price objective on shares of Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Scotiabank boosted their target price on Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Tenable from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Stifel Nicolaus lifted their target price on shares of Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $41.06.

Insider Activity at Tenable

In other news, CEO Mark C. Thurmond sold 28,500 shares of the company'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 value of $862,125.00. Following the sale, the chief executive officer directly owned 102,322 shares in the company, valued at approximately $3,095,240.50. This represents a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 4,622 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $451,800. This represents a 23.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,549 shares of company stock worth $1,954,751 in the last quarter. 1.50% of the stock is owned by corporate insiders.

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.