Tenable Holdings, Inc. $TENB Stock Holdings Increased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 9.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 129,931 shares of the company’s stock after buying an additional 11,469 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Tenable were worth $4,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TENB. Assenagon Asset Management S.A. increased its holdings in shares of Tenable by 1,043.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock valued at $109,434,000 after acquiring an additional 2,956,367 shares during the last quarter. Nuveen LLC bought a new position in Tenable during the first quarter worth $35,330,000. Penserra Capital Management LLC boosted its holdings in 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 stake in Tenable by 828.5% during the first quarter. Cubist Systematic Strategies LLC now owns 432,564 shares of the company’s stock valued at $15,131,000 after purchasing an additional 385,975 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Tenable by 5.6% during 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 during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TENB. Wells Fargo & Company restated an “overweight” rating and issued a $45.00 price target (up from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. cut their target price on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday. Needham & Company LLC upped their target price on Tenable from $35.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus increased their price target on Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tenable currently has an average rating of “Hold” and a consensus target price of $40.00.

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 4,622 shares of the stock in a transaction on 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 transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $451,800. This represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Barron Anschutz sold 976 shares of the firm’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $29.10, for a total value of $28,401.60. Following the transaction, the insider directly 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 disclosure for this sale can be found here. Insiders have sold 64,555 shares of company stock valued at $1,951,065 in the last quarter. 1.50% of the stock is owned by insiders.

Tenable Trading Down 0.5%

Tenable stock opened at $30.15 on Tuesday. Tenable Holdings, Inc. has a 52-week low of $28.51 and a 52-week high of $45.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -81.48 and a beta of 0.73. The firm has a 50-day moving average price of $30.01 and a two-hundred day moving average price of $31.48.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS 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 analyst estimates of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. Tenable’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business 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. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current 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.