Quadrature Capital Ltd Makes New $669,000 Investment in Tenable Holdings, Inc. $TENB

Quadrature Capital Ltd purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 19,801 shares of the company’s stock, valued at approximately $669,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TENB. Ameriprise Financial Inc. raised its holdings in Tenable by 5.6% in the 1st quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company’s stock worth $207,038,000 after purchasing an additional 312,299 shares during the period. RGM Capital LLC grew its holdings in Tenable by 2.0% during the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company’s stock valued at $131,966,000 after purchasing an additional 72,607 shares during the period. Assenagon Asset Management S.A. increased its position in Tenable by 1,043.7% in the second quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock worth $109,434,000 after buying an additional 2,956,367 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Tenable by 1.5% in the second quarter. Geode Capital Management LLC now owns 2,906,858 shares of the company’s stock worth $98,206,000 after buying an additional 42,223 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of Tenable by 33.3% in the second quarter. Penserra Capital Management LLC now owns 2,249,740 shares of the company’s stock worth $75,996,000 after buying an additional 562,151 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TENB shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $42.00 price objective on shares of Tenable in a research note on Thursday, October 23rd. Canaccord Genuity Group reduced their price objective on shares of Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research report on Wednesday, October 8th. Barclays dropped their target price on shares of Tenable from $39.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.63.

Insider Transactions at Tenable

In other news, insider Barron Anschutz sold 976 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $29.10, for a total transaction of $28,401.60. Following the completion of the transaction, the insider owned 61,420 shares in the company, valued at $1,787,322. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director A Brooke Seawell sold 4,622 shares of the business’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 owned 15,000 shares in the company, valued at $451,800. This represents a 23.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.50% of the company’s stock.

Tenable Price Performance

TENB stock opened at $26.27 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The company’s fifty day moving average price is $28.44 and its 200-day moving average price is $30.62. Tenable Holdings, Inc. has a one year low of $25.28 and a one year high of $45.44. The company has a market capitalization of $3.14 billion, a PE ratio of -97.30 and a beta of 0.73.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $247.43 million. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. On average, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Tenable 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.