Cubist Systematic Strategies LLC Has $15.13 Million Holdings in Tenable Holdings, Inc. $TENB

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Tenable Holdings, Inc. by 828.5% during the first quarter, acquiring a total of 432,564 shares worth approximately $15.1 million.
• Various hedge funds and institutional investors have also boosted their positions in Tenable, with hedge funds owning 89.06% of the company's stock.
• Wall Street analysts have raised their price targets for Tenable, with an average target now at $41.06, suggesting a moderate buy rating from nine research analysts.

Cubist Systematic Strategies LLC lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 828.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,564 shares of the company's stock after acquiring an additional 385,975 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.35% of Tenable worth $15,131,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Byrne Asset Management LLC boosted its stake in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after acquiring an additional 727 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Tenable during the 1st quarter worth about $69,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock worth $86,000 after acquiring an additional 2,178 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Tenable during the 1st quarter worth about $109,000. Finally, KBC Group NV boosted its stake in shares of Tenable by 19.4% during the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after acquiring an additional 919 shares in the last quarter. Institutional investors own 89.06% of the company's stock.

Insider Buying and Selling at Tenable

In other Tenable news, insider Barron Anschutz sold 1,261 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 $38,145.25. Following the completion of the transaction, the insider owned 59,645 shares of the company's stock, valued at $1,804,261.25. This represents a 2.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark C. Thurmond sold 28,500 shares of the company'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 $862,125.00. Following the completion of the transaction, the chief executive officer directly owned 102,322 shares of the company's stock, valued at approximately $3,095,240.50. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,927 shares of company stock valued at $1,815,537 in the last quarter. Corporate insiders own 1.50% of the company's stock.

Tenable Stock Performance

Tenable stock traded up $0.67 during trading hours on Friday, hitting $31.05. The stock had a trading volume of 1,953,415 shares, compared to its average volume of 1,370,785. The company has a 50-day moving average of $31.74 and a two-hundred day moving average of $33.12. 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 company has a market cap of $3.76 billion, a PE ratio of -83.92 and a beta of 0.73. Tenable Holdings, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $247.30 million during 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 for the quarter was up 11.8% on a year-over-year basis. 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. On average, equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TENB. Morgan Stanley upped their price target on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. DA Davidson upped their price target on Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and set a $45.00 price target (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Wall Street Zen downgraded Tenable from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Finally, Scotiabank increased their target price on Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Tenable currently has an average rating of "Moderate Buy" and an average target price of $41.06.

About Tenable

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.