Tenable Holdings, Inc. $TENB Shares Bought by Clearline Capital LP

by · The Cerbat Gem

Clearline Capital LP boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 23.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,371 shares of the company’s stock after purchasing an additional 5,402 shares during the quarter. Clearline Capital LP’s holdings in Tenable were worth $992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC boosted its position in Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $47,000 after purchasing an additional 727 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Tenable during the 1st quarter valued at approximately $69,000. Caitong International Asset Management Co. Ltd boosted its position in Tenable by 743.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock valued at $86,000 after purchasing an additional 2,178 shares during the period. Headlands Technologies LLC acquired a new position in Tenable during the 1st quarter valued at approximately $109,000. Finally, KBC Group NV boosted its position in Tenable by 19.4% during the 1st quarter. KBC Group NV now owns 5,652 shares of the company’s stock valued at $198,000 after purchasing an additional 919 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TENB. Wells Fargo & Company reaffirmed an “overweight” rating and set a $45.00 target price (up previously from $40.00) on shares of Tenable in a research note on Thursday, July 31st. Morgan Stanley lifted their target price on Tenable from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Wall Street Zen downgraded Tenable from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 10th. UBS Group lifted their target price on Tenable from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, DA Davidson boosted their price objective on Tenable from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

View Our Latest Report on TENB

Tenable Stock Up 2.2%

Shares of Tenable stock opened at $31.05 on Monday. The stock’s fifty day moving average is $31.74 and its 200-day moving average is $33.04. The firm has a market capitalization of $3.76 billion, a PE ratio of -83.92 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.

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, topping 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%.Tenable’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. Equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In other news, CEO Stephen A. Vintz sold 29,196 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 $883,179.00. Following the sale, the chief executive officer directly owned 358,949 shares of the company’s stock, valued at $10,858,207.25. The trade was a 7.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $38,145.25. Following the sale, the insider directly owned 59,645 shares in the company, valued at $1,804,261.25. This trade represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,927 shares of company stock valued at $1,815,537 over the last three months. Company insiders own 1.50% of the company’s stock.

Tenable Profile

(Free Report)

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.

See Also

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