Tenable Holdings, Inc. $TENB Shares Bought by AlphaQuest LLC

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 lifted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 7,356.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,646 shares of the company's stock after purchasing 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 reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Byrne Asset Management LLC boosted its holdings in Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after buying an additional 727 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Tenable during the 4th quarter valued at $53,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Tenable during the 1st quarter worth $69,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Tenable by 743.3% in 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 during the last quarter. Finally, Quarry LP increased its stake in Tenable by 307.1% in the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock worth $104,000 after purchasing an additional 1,999 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insider Activity at Tenable

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

Analyst Ratings Changes

Several brokerages recently commented on TENB. Westpark Capital restated a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. DA Davidson increased their target price on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Stifel Nicolaus upped their price target on Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Finally, Barclays increased their price objective on Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

Tenable Price Performance

TENB opened at $29.56 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. Tenable Holdings, Inc. has a 1 year low of $28.51 and a 1 year high of $45.44. The stock has a fifty day moving average price of $32.10 and a 200 day moving average price of $33.57. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -79.89 and a beta of 0.76.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $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. Analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.

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