Tenable Holdings, Inc. $TENB Shares Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC increased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 285.3% during the second quarter, Holdings Channel reports. The fund owned 46,364 shares of the company’s stock after purchasing an additional 34,331 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Tenable were worth $1,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Tenable in the 1st quarter worth about $69,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Tenable by 743.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock worth $86,000 after buying an additional 2,178 shares during the period. Headlands Technologies LLC bought a new position in Tenable in the 1st quarter worth approximately $109,000. CWM LLC grew its holdings in Tenable by 962.5% in the 1st quarter. CWM LLC now owns 5,801 shares of the company’s stock worth $203,000 after buying an additional 5,255 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Tenable by 546.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,816 shares of the company’s stock valued at $203,000 after acquiring an additional 4,917 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director A Brooke Seawell sold 4,622 shares of Tenable 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 transaction, the director directly owned 15,000 shares in the company, valued at $451,800. The trade was a 23.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark C. Thurmond sold 28,500 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 $862,125.00. Following the sale, the chief executive officer directly owned 102,322 shares in the company, valued at $3,095,240.50. This trade represents a 21.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 64,555 shares of company stock valued at $1,951,065. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on TENB shares. Needham & Company LLC reduced their price target on Tenable from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. DA Davidson set a $32.00 price objective on shares of Tenable in a report on Thursday, October 30th. 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 research note on Thursday, October 30th. UBS Group upped their price target on shares of Tenable from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $42.00 price objective on shares of Tenable in a report on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.63.

Tenable Stock Performance

Shares of TENB opened at $28.05 on Wednesday. The firm’s 50 day moving average is $29.56 and its 200-day moving average is $31.19. The stock has a market capitalization of $3.35 billion, a P/E ratio of -103.89 and a beta of 0.71. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94. Tenable Holdings, Inc. has a 12-month low of $27.01 and a 12-month high of $45.44.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The business had revenue of $252.44 million for the quarter, compared to analyst estimates of $247.43 million. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company 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. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Tenable 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.