Trexquant Investment LP Grows Stock Holdings in Tenable Holdings, Inc. $TENB

Key Points

• Trexquant Investment LP has increased its stake in Tenable Holdings, Inc. by 10.1%, acquiring an additional 28,669 shares, bringing its total ownership to 312,304 shares valued at approximately $10.92 million.
• Analysts are optimistic about Tenable, with several firms raising their price targets; Morgan Stanley set a target of $32 while UBS Group set it at $43, indicating a general sentiment of buy ratings among nine analysts.
• Tenable reported a quarterly earnings per share (EPS) of $0.34, exceeding expectations, and has set guidance for FY 2025 at EPS between 1.450 and 1.530, reflecting positive growth signs.

Trexquant Investment LP raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 10.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 312,304 shares of the company's stock after acquiring an additional 28,669 shares during the period. Trexquant Investment LP owned approximately 0.26% of Tenable worth $10,924,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC boosted its holdings in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after acquiring an additional 727 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Tenable during the 1st quarter valued at about $69,000. Caitong International Asset Management Co. Ltd increased its position in shares of Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company's stock valued at $86,000 after purchasing an additional 2,178 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Tenable during the 1st quarter valued at about $109,000. Finally, KBC Group NV increased its position in shares of Tenable by 19.4% during the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after purchasing an additional 919 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Transactions at Tenable

In other news, insider Barron Anschutz sold 1,261 shares of the firm'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 $38,145.25. Following the transaction, the insider directly owned 59,645 shares of the company's stock, valued at approximately $1,804,261.25. This trade represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen A. Vintz sold 29,196 shares of the firm'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 $883,179.00. Following the transaction, the chief executive officer directly owned 358,949 shares in the company, valued at approximately $10,858,207.25. This trade represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,927 shares of company stock valued at $1,815,537. 1.50% of the stock is currently owned by company insiders.

Tenable Trading Down 1.2%

Tenable stock traded down $0.37 during midday trading on Thursday, reaching $30.38. The stock had a trading volume of 1,353,814 shares, compared to its average volume of 1,372,106. Tenable Holdings, Inc. has a 52-week low of $28.51 and a 52-week high of $45.44. 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 market cap of $3.68 billion, a price-to-earnings ratio of -82.11 and a beta of 0.73. The company has a fifty day moving average of $31.77 and a 200 day moving average of $33.18.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly 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 return on equity of 3.32% and a negative net margin of 4.74%.The firm had revenue of $247.30 million during the quarter, compared to analyst estimates of $242.15 million. During the same period last year, the company earned $0.31 EPS. Tenable'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, analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on TENB shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $38.00 price target (up previously from $37.00) on shares of Tenable in a research report on Thursday, July 31st. Needham & Company LLC upped their price target on shares of Tenable from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus lifted their price target on shares of Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Scotiabank lifted their price target on shares of Tenable from $30.00 to $37.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company 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.