Caxton Associates LLP Invests $466,000 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 purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,311 shares of the company's stock, valued at approximately $466,000.

A number of other institutional investors also recently bought and sold shares of the business. Voleon Capital Management LP purchased a new stake in Tenable during the 1st quarter worth about $1,161,000. Select Equity Group L.P. lifted its holdings in shares of Tenable by 410.9% in the 1st quarter. Select Equity Group L.P. now owns 50,909 shares of the company's stock valued at $1,781,000 after purchasing an additional 40,945 shares during the last quarter. Petrus Trust Company LTA lifted its holdings in shares of Tenable by 10.0% in the 1st quarter. Petrus Trust Company LTA now owns 31,659 shares of the company's stock valued at $1,107,000 after purchasing an additional 2,884 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Tenable by 8.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,047,547 shares of the company's stock valued at $36,643,000 after purchasing an additional 78,081 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Tenable by 132.8% in the 1st quarter. AQR Capital Management LLC now owns 245,111 shares of the company's stock valued at $8,574,000 after purchasing an additional 139,831 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TENB has been the subject of several research reports. Wells Fargo & Company reissued an "overweight" rating and issued a $45.00 target price (up from $40.00) on shares of Tenable in a report on Thursday, July 31st. Jefferies Financial Group restated a "hold" rating and issued a $38.00 price target (up previously from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Wedbush boosted their price target on Tenable from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price target on Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Finally, Scotiabank boosted their price target 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 investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Tenable Price Performance

Shares of TENB traded down $0.31 on Monday, reaching $29.59. The stock had a trading volume of 1,176,725 shares, compared to its average volume of 1,401,056. The firm has a market capitalization of $3.58 billion, a PE ratio of -79.97 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $31.40 and a 200 day moving average of $32.76. Tenable Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last released 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 business had revenue of $247.30 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm 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. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 28,500 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $862,125.00. Following the sale, the chief executive officer owned 102,322 shares in the company, valued at approximately $3,095,240.50. This represents a 21.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Barron Anschutz sold 1,261 shares of the stock in a transaction 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 owned 59,645 shares in the company, 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. In the last 90 days, insiders have sold 64,549 shares of company stock worth $1,954,751. 1.50% of the stock is currently owned by insiders.

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.