AQR Capital Management LLC Acquires 139,831 Shares of Tenable Holdings, Inc. $TENB

AQR Capital Management LLC lifted its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 132.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,111 shares of the company’s stock after buying an additional 139,831 shares during the period. AQR Capital Management LLC owned approximately 0.20% of Tenable worth $8,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Nuveen LLC bought a new position in Tenable during the 1st quarter worth $35,330,000. Shapiro Capital Management LLC grew its holdings in shares of Tenable by 647.5% during the 4th quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company’s stock worth $41,745,000 after purchasing an additional 918,235 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Tenable by 47.6% in the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company’s stock worth $59,031,000 after purchasing an additional 544,375 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Tenable by 828.5% in the first quarter. Cubist Systematic Strategies LLC now owns 432,564 shares of the company’s stock worth $15,131,000 after purchasing an additional 385,975 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Tenable by 5.6% in the first quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company’s stock valued at $207,038,000 after purchasing an additional 312,299 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

TENB has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on shares of Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Needham & Company LLC upped their price target on shares of Tenable from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Morgan Stanley increased their price target on shares of Tenable from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Wells Fargo & Company reissued an “overweight” rating and issued a $45.00 price objective (up from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Finally, Scotiabank upped their target price on Tenable from $30.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.06.

Tenable Stock Performance

NASDAQ TENB opened at $30.54 on Friday. The firm’s fifty day moving average price is $31.49 and its two-hundred day moving average price is $32.89. The stock has a market cap of $3.70 billion, a PE ratio of -82.54 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable Holdings, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $45.44.

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

Insider Transactions at Tenable

In other news, insider Barron Anschutz sold 1,261 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $30.25, for a total transaction of $38,145.25. Following the sale, the insider directly owned 59,645 shares in the company, valued at approximately $1,804,261.25. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen A. Vintz sold 29,196 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 $883,179.00. Following the completion of the transaction, the chief executive officer owned 358,949 shares of the company’s stock, valued at approximately $10,858,207.25. This trade represents a 7.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,549 shares of company stock valued at $1,954,751. Company insiders own 1.50% of the company’s stock.

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.