AlphaQuest LLC Acquires 13,463 Shares of Tenable Holdings, Inc. $TENB

Key Points

• AlphaQuest LLC increased its holdings in Tenable Holdings by an astonishing 7,356.8%, owning 13,646 shares valued at $477,000 as of the latest SEC filing.
• Various hedge funds, including Byrne Asset Management and Caitong International Asset Management, also made significant increases in their positions in Tenable, indicating strong institutional interest.
• Analysts have a consensus rating of "Moderate Buy" for Tenable, with the average target price set at $41.06, showcasing positive market sentiment despite recent insider selling activities.

AlphaQuest LLC increased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 7,356.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,646 shares of the company's stock after buying an additional 13,463 shares during the period. AlphaQuest LLC's holdings in Tenable were worth $477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its position 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 buying an additional 312,299 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Tenable by 47.6% during the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock worth $59,031,000 after purchasing an additional 544,375 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in Tenable by 5.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock worth $64,629,000 after purchasing an additional 84,669 shares during the last quarter. Northern Trust Corp raised its holdings in Tenable by 7.8% during the 4th quarter. Northern Trust Corp now owns 1,187,857 shares of the company's stock worth $46,778,000 after purchasing an additional 85,485 shares during the last quarter. Finally, Shapiro Capital Management LLC raised its holdings in Tenable by 647.5% during the 4th quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock worth $41,745,000 after purchasing an additional 918,235 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Activity

In other news, insider Barron Anschutz sold 1,261 shares of the company's stock in a transaction dated 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 sale, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen A. Vintz sold 29,196 shares of the 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 $883,179.00. Following the sale, the chief executive officer directly owned 358,949 shares of the company's stock, valued at approximately $10,858,207.25. The trade was a 7.52% decrease in their ownership of the stock. 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 ninety days. 1.50% of the stock is owned by insiders.

Tenable Trading Down 0.5%

Shares of TENB stock traded down $0.17 on Monday, reaching $30.92. The company had a trading volume of 1,327,146 shares, compared to its average volume of 1,454,678. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The stock has a market cap of $3.74 billion, a PE ratio of -83.57 and a beta of 0.73. The company has a 50-day moving average of $31.95 and a 200-day moving average of $33.28. Tenable Holdings, Inc. has a 12 month low of $28.51 and a 12 month high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company 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%.Tenable's revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business 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 analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

TENB has been the subject of several recent research reports. Wedbush boosted their price objective on Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley boosted their price objective on Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Barclays boosted their price objective on Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. 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. Finally, Jefferies Financial Group reissued a "hold" rating and set a $38.00 price objective (up from $37.00) on shares of Tenable 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 data from MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and an average price target 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.