Tenable Holdings, Inc. $TENB Shares Acquired by Woodline Partners LP

Key Points

• Woodline Partners LP dramatically increased its stake in Tenable Holdings, Inc., acquiring an additional 180,020 shares to reach a total of 190,215 shares, representing a 1,765.8% increase.
• Analysts have shown increasing optimism for Tenable, with Wall Street Zen upgrading the stock to a "strong-buy" rating and UBS raising its target price from $40.00 to $43.00.
• The company reported a quarterly earnings of $0.34 per share, exceeding expectations and marking an 11.8% increase in revenue compared to the same quarter last year.

Woodline Partners LP grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 1,765.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,215 shares of the company's stock after purchasing an additional 180,020 shares during the quarter. Woodline Partners LP owned about 0.16% of Tenable worth $6,654,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Tenable by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after purchasing an additional 1,682 shares in the last quarter. KBC Group NV lifted its stake in Tenable by 19.4% in the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after purchasing an additional 919 shares in the last quarter. Caxton Associates LLP purchased a new position in Tenable in the 1st quarter worth approximately $466,000. GAMMA Investing LLC lifted its stake in Tenable by 5,032.7% in the 1st quarter. GAMMA Investing LLC now owns 10,214 shares of the company's stock worth $357,000 after purchasing an additional 10,015 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Tenable by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,031,226 shares of the company's stock worth $36,072,000 after purchasing an additional 39,132 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on TENB shares. DA Davidson lifted their price target on shares of Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research 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 research report on Thursday, July 31st. UBS Group lifted their price target on shares of Tenable from $40.00 to $43.00 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 research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Tenable from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

Tenable Trading Down 1.0%

NASDAQ TENB traded down $0.31 on Monday, reaching $29.59. The stock had a trading volume of 1,176,725 shares, compared to its average volume of 1,282,442. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -79.97 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. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44. The stock has a fifty day moving average price of $31.31 and a two-hundred day moving average price of $32.70.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative return on equity of 3.32% and a negative net margin of 4.74%.The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 28,500 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $30.25, for a total value of $862,125.00. Following the completion of the transaction, the chief executive officer owned 102,322 shares in the company, valued at $3,095,240.50. The trade was a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Barron Anschutz sold 1,261 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $38,145.25. Following the completion of the transaction, the insider 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 position. The disclosure for this sale can be found here. Insiders sold 64,549 shares of company stock worth $1,954,751 in the last ninety days. 1.50% of the stock is owned by company insiders.

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.