Magnetar Financial LLC Buys New Stake in Tenable Holdings, Inc. $TENB

Key Points

• Magnetar Financial LLC made a new investment of approximately $351,000 in Tenable Holdings, acquiring 10,024 shares in the first quarter.
• Institutional investors now own 89.06% of Tenable's stock, with several hedge funds like Nuveen LLC and Shapiro Capital significantly increasing their stakes.
• Tenable reported a 11.8% year-over-year revenue increase, with an EPS of $0.34 that exceeded analyst estimates, and has provided FY 2025 guidance of 1.450-1.530 EPS.

Magnetar Financial LLC purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,024 shares of the company's stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Tenable during the first quarter worth approximately $35,330,000. Shapiro Capital Management LLC lifted its stake 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 acquiring an additional 918,235 shares during the last quarter. Penserra Capital Management LLC raised 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 acquiring an additional 544,375 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Tenable by 904.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock worth $16,427,000 after acquiring an additional 375,581 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Tenable by 5.6% in the first quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock valued at $207,038,000 after acquiring an additional 312,299 shares during the period. 89.06% of the stock is owned by institutional investors.

Tenable Stock Performance

TENB stock traded up $0.67 during mid-day trading on Friday, hitting $31.05. The company had a trading volume of 1,953,415 shares, compared to its average volume of 1,413,302. Tenable Holdings, Inc. has a 12 month low of $28.51 and a 12 month high of $45.44. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. The stock's fifty day moving average price is $31.74 and its two-hundred day moving average price is $33.04. The firm has a market cap of $3.76 billion, a PE ratio of -83.92 and a beta of 0.73.

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 the consensus estimate of $0.30 by $0.04. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The firm had revenue of $247.30 million for the quarter, compared to analysts' expectations of $242.15 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business'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. On average, analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tenable news, CEO Mark C. Thurmond sold 28,500 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $30.25, for a total transaction of $862,125.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen A. Vintz sold 29,196 shares of the firm'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 $883,179.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,927 shares of company stock valued at $1,815,537. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

TENB has been the topic of several analyst reports. Wall Street Zen lowered Tenable from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. UBS Group increased their target price on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company restated an "overweight" rating and set a $45.00 target price (up previously from $40.00) on shares of Tenable in a report on Thursday, July 31st. DA Davidson boosted their price target on Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $38.00 price objective (up from $37.00) on shares of Tenable in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tenable 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.