Acadian Asset Management LLC Has $1.04 Million Position in Tenable Holdings, Inc. $TENB

Acadian Asset Management LLC lifted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 3,252.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,769 shares of the company’s stock after buying an additional 28,881 shares during the quarter. Acadian Asset Management LLC’s holdings in Tenable were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TENB. Ameriprise Financial Inc. lifted its position in Tenable by 5.6% during the 1st 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 during the period. RGM Capital LLC increased its position in shares of Tenable by 2.0% in the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company’s stock worth $131,966,000 after purchasing an additional 72,607 shares during the period. Penserra Capital Management LLC grew its position in Tenable by 47.6% in the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company’s stock valued at $59,031,000 after acquiring an additional 544,375 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Tenable by 16.0% in the first quarter. The Manufacturers Life Insurance Company now owns 1,129,790 shares of the company’s stock worth $39,520,000 after acquiring an additional 155,560 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Tenable by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,047,547 shares of the company’s stock valued at $36,643,000 after buying an additional 78,081 shares during the period. Institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TENB. Needham & Company LLC upped their price target on Tenable from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $38.00 price objective (up previously from $37.00) on shares of Tenable in a report on Thursday, July 31st. Stifel Nicolaus boosted their target price on Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Wells Fargo & Company reissued an “overweight” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Finally, Wedbush raised their target price on Tenable from $40.00 to $42.00 and gave the stock an “outperform” 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.06.

Tenable Stock Up 0.6%

TENB stock opened at $29.81 on Thursday. The firm has a market capitalization of $3.61 billion, a PE ratio of -80.57 and a beta of 0.73. The company’s 50 day simple moving average is $31.09 and its 200-day simple moving average is $32.66. Tenable Holdings, Inc. has a 12 month low of $28.51 and a 12 month high of $45.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last posted its earnings results 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 business had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Tenable

In other news, Director A Brooke Seawell sold 4,622 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $30.12, for a total transaction of $139,214.64. Following the transaction, the director owned 15,000 shares in the company, valued at $451,800. This represents a 23.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 28,500 shares of the firm’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 $862,125.00. Following the completion of the sale, the chief executive officer owned 102,322 shares in the company, valued at $3,095,240.50. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,549 shares of company stock worth $1,954,751 in the last quarter. 1.50% of the stock is owned by corporate 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.