Tenable Holdings, Inc. $TENB Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. significantly increased its stake in Tenable Holdings, raising it by 1,043.7% during the second quarter to own 3,239,624 shares valued at approximately $109.4 million.
• Recent analyst upgrades have seen target prices for Tenable rise, with UBS Group setting a new price objective of $43.00 and nine analysts rating the stock as a Buy.
• Tenable's CEO sold 28,500 shares of the company at an average price of $30.25, a 21.79% decrease in his position, while insiders sold a total of 64,549 shares worth about $1.95 million last quarter.

Assenagon Asset Management S.A. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 1,043.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,239,624 shares of the company's stock after buying an additional 2,956,367 shares during the quarter. Assenagon Asset Management S.A. owned about 2.65% of Tenable worth $109,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Xponance Inc. raised its position in Tenable by 6.6% in the 1st quarter. Xponance Inc. now owns 9,021 shares of the company's stock valued at $316,000 after purchasing an additional 562 shares during the last quarter. Tidal Investments LLC raised its position in Tenable by 1.8% during the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after buying an additional 564 shares during the last quarter. Fiera Capital Corp raised its position in Tenable by 1.1% during the 1st quarter. Fiera Capital Corp now owns 59,626 shares of the company's stock worth $2,086,000 after buying an additional 651 shares during the last quarter. Amundi raised its position in Tenable by 1.2% during the 1st quarter. Amundi now owns 58,149 shares of the company's stock worth $1,939,000 after buying an additional 676 shares during the last quarter. Finally, Byrne Asset Management LLC raised its position in Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after buying an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Activity

In other 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 transaction of $38,145.25. Following the sale, the insider owned 59,645 shares in the company, valued at $1,804,261.25. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 29,196 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 transaction of $883,179.00. Following the sale, the chief executive officer owned 358,949 shares in the company, valued at $10,858,207.25. This represents a 7.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,549 shares of company stock worth $1,954,751. Company insiders own 1.50% of the company's stock.

Tenable Trading Down 1.5%

Shares of TENB stock traded down $0.46 on Tuesday, reaching $30.01. 409,136 shares of the stock were exchanged, compared to its average volume of 1,401,319. The stock has a market cap of $3.63 billion, a P/E ratio of -81.15 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average of $30.92 and a two-hundred day moving average of $32.44. Tenable Holdings, Inc. has a 1-year low of $28.51 and a 1-year high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. Tenable's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Tenable has set its FY 2025 guidance at 1.450-1.530 EPS. Q3 2025 guidance at 0.360-0.370 EPS. On average, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Tenable from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. UBS Group increased their price target on shares of Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a 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 report on Thursday, July 31st. Jefferies Financial Group reissued a "hold" rating and issued a $38.00 price objective (up from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Finally, Scotiabank increased their price objective on shares of Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock 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.