Voleon Capital Management LP Takes Position in Tenable Holdings, Inc. $TENB

Key Points

• Voleon Capital Management LP has acquired a new stake in Tenable Holdings, Inc., purchasing 33,184 shares valued at approximately $1,161,000.
• Insider trading activity has seen significant sales, including 1,261 shares sold by Barron Anschutz and 4,622 shares by Director A Brooke Seawell, reflecting a decrease in their ownership positions.
• Tenable has reported a 12-month revenue increase of 11.8% year-over-year and set a FY 2025 guidance for earnings per share between 1.450 and 1.530.

Voleon Capital Management LP acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,184 shares of the company's stock, valued at approximately $1,161,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Tenable by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock valued at $376,000 after acquiring an additional 1,682 shares in the last quarter. KBC Group NV lifted its position in shares of Tenable by 19.4% in the first quarter. KBC Group NV now owns 5,652 shares of the company's stock valued at $198,000 after acquiring an additional 919 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Tenable by 5,032.7% in the first quarter. GAMMA Investing LLC now owns 10,214 shares of the company's stock valued at $357,000 after acquiring an additional 10,015 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tenable by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,031,226 shares of the company's stock valued at $36,072,000 after acquiring an additional 39,132 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Tenable by 3.2% in the first quarter. Rhumbline Advisers now owns 171,023 shares of the company's stock valued at $5,982,000 after purchasing an additional 5,373 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 owned 59,645 shares of the company's stock, valued at $1,804,261.25. This represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 4,622 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the completion of the sale, the director directly owned 15,000 shares of the company's stock, valued at $451,800. The trade was a 23.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,549 shares of company stock worth $1,954,751 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $31.16 on Tuesday. The firm has a market capitalization of $3.77 billion, a PE ratio of -84.21 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $31.69 and a two-hundred day moving average of $32.99. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company's 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. As a group, research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company reiterated an "overweight" rating and issued a $45.00 target price (up from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Morgan Stanley upped their target price on Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Jefferies Financial Group reiterated a "hold" rating and issued a $38.00 target price (up from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Stifel Nicolaus upped their target price on Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen lowered Tenable from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Tenable presently has an average rating of "Moderate Buy" and an average price target 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.

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