Arrowstreet Capital Limited Partnership Raises Holdings in Tenable Holdings, Inc. $TENB

Arrowstreet Capital Limited Partnership grew its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 234.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,644 shares of the company’s stock after acquiring an additional 224,900 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.26% of Tenable worth $10,831,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Caxton Associates LLP bought a new stake in Tenable in the first quarter worth about $466,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Tenable by 9.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 129,931 shares of the company’s stock worth $4,389,000 after purchasing an additional 11,469 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of Tenable by 285.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 46,364 shares of the company’s stock worth $1,566,000 after purchasing an additional 34,331 shares in the last quarter. Graphene Investments SAS lifted its stake in Tenable by 18.7% during the second quarter. Graphene Investments SAS now owns 88,700 shares of the company’s stock valued at $2,996,000 after purchasing an additional 14,000 shares during the last quarter. Finally, Nicholas Company Inc. lifted its stake in Tenable by 12.7% during the second quarter. Nicholas Company Inc. now owns 186,323 shares of the company’s stock valued at $6,294,000 after purchasing an additional 20,940 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Barron Anschutz sold 976 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $29.10, for a total transaction of $28,401.60. Following the transaction, the insider directly owned 61,420 shares of the company’s stock, valued at $1,787,322. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TENB. Canaccord Genuity Group lowered their price objective on shares of Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price target on Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. DA Davidson set a $32.00 price objective on Tenable in a research note on Thursday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $42.00 target price on shares of Tenable in a research report on Thursday, October 23rd. Finally, Needham & Company LLC dropped their target price on shares of Tenable from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.63.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $26.56 on Wednesday. Tenable Holdings, Inc. has a 1 year low of $25.28 and a 1 year high of $45.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day simple moving average is $28.06 and its 200 day simple moving average is $30.38. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -98.37 and a beta of 0.73.

Tenable (NASDAQ:TENB) last released its quarterly earnings data 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 firm had revenue of $252.44 million for the quarter, compared to analyst estimates of $247.43 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. As a group, research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.