Strs Ohio Acquires New Position in Tenable Holdings, Inc. $TENB

Key Points

• Strs Ohio has acquired a new position in Tenable Holdings, Inc., purchasing 9,600 shares valued at approximately $336,000.
• Several hedge funds, including Nuveen LLC, have also increased their stakes in Tenable, with hedge funds now owning 89.06% of the company's stock.
• Wall Street analysts are optimistic about Tenable's performance, projecting a consensus target price of $41.06 and noting that nine analysts have rated the stock as a Buy.

Strs Ohio bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,600 shares of the company's stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of Tenable in the first quarter worth $35,330,000. Penserra Capital Management LLC boosted its holdings in Tenable by 47.6% in the first 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 during the period. Cubist Systematic Strategies LLC grew its stake in 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 purchasing an additional 385,975 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Tenable by 5.6% during the 1st quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock worth $207,038,000 after purchasing an additional 312,299 shares during the period. Finally, Woodline Partners LP raised its position in Tenable by 1,765.8% in the 1st quarter. Woodline Partners LP now owns 190,215 shares of the company's stock valued at $6,654,000 after purchasing an additional 180,020 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TENB shares. Jefferies Financial Group reissued a "hold" rating and set a $38.00 price objective (up from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $45.00 price target (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Stifel Nicolaus increased their price objective on shares of Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. DA Davidson raised their price objective on shares of Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Barclays lifted their price objective on shares of Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

Insider Buying and Selling

In other Tenable news, 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 transaction of $883,179.00. Following the completion of the transaction, the chief executive officer owned 358,949 shares of the company's stock, valued at approximately $10,858,207.25. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Barron Anschutz sold 1,261 shares of the company's 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 completion of the sale, the insider owned 59,645 shares in the company, valued at $1,804,261.25. This represents a 2.07% 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 worth $1,954,751 in the last 90 days. Corporate insiders own 1.50% of the company's stock.

Tenable Price Performance

Tenable stock opened at $30.12 on Wednesday. The firm has a market capitalization of $3.65 billion, a PE ratio of -81.40 and a beta of 0.73. Tenable Holdings, Inc. has a 52 week low of $28.51 and a 52 week high of $45.44. The firm's 50-day simple moving average is $30.87 and its 200 day simple moving average is $32.42. 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 (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $242.15 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The firm'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, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding TENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenable Holdings, Inc. (NASDAQ:TENB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.