Graphene Investments SAS Increases Position in Tenable Holdings, Inc. $TENB

Graphene Investments SAS lifted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 18.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,700 shares of the company’s stock after acquiring an additional 14,000 shares during the quarter. Tenable accounts for about 2.0% of Graphene Investments SAS’s holdings, making the stock its 28th largest position. Graphene Investments SAS owned about 0.07% of Tenable worth $2,996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Tenable during the 1st quarter worth $69,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 acquiring an additional 2,178 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Tenable during the 1st quarter worth approximately $109,000. CWM LLC raised its holdings in shares of Tenable by 962.5% in the 1st quarter. CWM LLC now owns 5,801 shares of the company’s stock worth $203,000 after purchasing an additional 5,255 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Tenable by 546.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,816 shares of the company’s stock valued at $203,000 after purchasing an additional 4,917 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $27.66 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. Tenable Holdings, Inc. has a 12 month low of $27.63 and a 12 month high of $45.44. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -102.44 and a beta of 0.71. The company has a 50-day moving average price of $29.81 and a 200-day moving average price of $31.31.

Tenable (NASDAQ:TENB) last released its quarterly earnings results 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 the consensus estimate of $247.43 million. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. As a group, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity at Tenable

In other news, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $30.12, for a total transaction of $139,214.64. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $451,800. The trade was a 23.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barron Anschutz sold 976 shares of the stock in a transaction on Friday, October 17th. The stock was sold at an average price of $29.10, for a total transaction of $28,401.60. Following the completion of the sale, the insider directly owned 61,420 shares of the company’s stock, valued at approximately $1,787,322. This trade represents a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 64,555 shares of company stock worth $1,951,065. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TENB has been the subject of several research reports. Barclays cut their price target on Tenable from $39.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Scotiabank lowered their target price on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. DA Davidson set a $32.00 price objective on Tenable in a research note on Thursday, October 30th. Needham & Company LLC lowered their price target on shares of Tenable from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Canaccord Genuity Group decreased their target price on shares of Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.63.

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.