Tenable Holdings, Inc. $TENB Holdings Lifted by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 313.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,782 shares of the company’s stock after buying an additional 18,785 shares during the period. State of Alaska Department of Revenue’s holdings in Tenable were worth $901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Tenable by 217.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock valued at $60,000 after acquiring an additional 2,432 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Tenable in the second quarter valued at about $66,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Tenable in the second quarter valued at about $81,000. KBC Group NV increased its position in Tenable by 42.1% during the first quarter. KBC Group NV now owns 4,897 shares of the company’s stock worth $83,000 after acquiring an additional 1,451 shares during the period. Finally, Persistent Asset Partners Ltd bought a new position in Tenable during the second quarter worth about $88,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $40.67 on Thursday. The company’s 50 day simple moving average is $36.40 and its 200 day simple moving average is $31.06. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 111.37 and a beta of 1.01. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67.

Tenable (NASDAQ:TENB – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The firm had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, research analysts predict that Tenable Holdings, Inc. will post 0.50 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TENB shares. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective for the company in a research note on Monday, July 6th. Stifel Nicolaus increased their target price on shares of Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Barclays lowered their target price on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, Cantor Fitzgerald lifted their price target on shares of Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.60.

Get Our Latest Stock Analysis on Tenable

Tenable Profile

(Free Report)

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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