Pacer Advisors Inc. Acquires 374,760 Shares of Tenable Holdings, Inc. $TENB

Pacer Advisors Inc. increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 16,873.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,981 shares of the company’s stock after acquiring an additional 374,760 shares during the quarter. Pacer Advisors Inc.’s holdings in Tenable were worth $10,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Amundi grew its holdings in Tenable by 1.2% in the first quarter. Amundi now owns 58,149 shares of the company’s stock worth $1,939,000 after purchasing an additional 676 shares during the period. IVC Wealth Advisors LLC boosted its position in shares of Tenable by 10.7% in the 3rd quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock worth $214,000 after purchasing an additional 711 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in shares of Tenable by 5.2% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock worth $559,000 after buying an additional 814 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Tenable during the 2nd quarter valued at approximately $37,000. Finally, Y.D. More Investments Ltd boosted its holdings in Tenable by 11.5% in the second quarter. Y.D. More Investments Ltd now owns 11,169 shares of the company’s stock worth $366,000 after acquiring an additional 1,152 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Barron Anschutz sold 976 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $29.10, for a total transaction of $28,401.60. Following the sale, the insider directly owned 61,420 shares of the company’s stock, valued at $1,787,322. The trade was a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $42.00 price target on shares of Tenable in a report on Thursday, October 23rd. Barclays reduced their price objective on shares of Tenable from $39.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Morgan Stanley set a $30.00 target price on shares of Tenable in a research note on Thursday, December 18th. Needham & Company LLC reduced their price target 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. Finally, Canaccord Genuity Group lowered their price objective on Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Tenable has a consensus rating of “Hold” and an average price target of $37.94.

Tenable Stock Down 0.3%

Shares of Tenable stock opened at $24.10 on Friday. Tenable Holdings, Inc. has a twelve month low of $23.96 and a twelve month 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 1.03. The company’s 50 day moving average is $26.93 and its 200 day moving average is $29.72. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -89.26 and a beta of 0.73.

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

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.