15,036 Shares in Tenable Holdings, Inc. $TENB Bought by PDT Partners LLC

Key Points

• PDT Partners LLC acquired 15,036 shares of Tenable Holdings, Inc. valued at approximately $526,000 in the first quarter.
• A number of analysts have raised their price targets on Tenable, with averages now sitting at $41.06, and the stock currently holds a consensus rating of "Moderate Buy."
• In insider trading news, CEO Mark C. Thurmond sold 28,500 shares of the company, comprising a 21.79% decrease in his ownership.

PDT Partners LLC purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,036 shares of the company's stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Tenable by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after purchasing an additional 1,682 shares during the period. KBC Group NV grew its holdings in Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after purchasing an additional 919 shares during the period. Dimensional Fund Advisors LP bought a new position in Tenable during the fourth quarter worth about $10,115,000. GAMMA Investing LLC grew its holdings in Tenable by 5,032.7% during the first quarter. GAMMA Investing LLC now owns 10,214 shares of the company's stock worth $357,000 after purchasing an additional 10,015 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Tenable by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,031,226 shares of the company's stock worth $36,072,000 after purchasing an additional 39,132 shares during the period. Institutional investors own 89.06% of the company's stock.

Tenable Price Performance

Shares of NASDAQ TENB traded down $0.69 during midday trading on Wednesday, reaching $30.10. The company's stock had a trading volume of 150,569 shares, compared to its average volume of 1,401,376. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable Holdings, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $45.44. The business's 50 day moving average price is $31.63 and its two-hundred day moving average price is $32.97. The company has a market cap of $3.64 billion, a P/E ratio of -81.02 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, beating analysts' consensus estimates 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 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 business earned $0.31 earnings per share. The firm'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 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 28,500 shares of the business'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 transaction of $862,125.00. Following the completion of the transaction, the chief executive officer directly owned 102,322 shares in the company, valued at $3,095,240.50. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A Brooke Seawell sold 4,622 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total transaction of $139,214.64. Following the transaction, the director owned 15,000 shares of the company's stock, valued at approximately $451,800. This represents a 23.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,549 shares of company stock valued at $1,954,751 in the last three months. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TENB. Morgan Stanley lifted their price target on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a report 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 report on Thursday, July 31st. Needham & Company LLC boosted their price objective on Tenable from $35.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Scotiabank boosted their price objective on Tenable from $30.00 to $37.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, UBS Group boosted their price objective on Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.