Wellington Management Group LLP bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 172,364 shares of the company’s stock, valued at approximately $6,357,000. Wellington Management Group LLP owned approximately 0.16% of Tenable as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of TENB. Quarry LP purchased a new position in Tenable in the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Tenable during the fourth quarter valued at approximately $28,000. Horizon Investments LLC acquired a new position in shares of Tenable during the third quarter worth $45,000. Quadrant Capital Group LLC acquired a new position in shares of Tenable during the fourth quarter worth $38,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Tenable in the second quarter valued at $66,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TENB. Cantor Fitzgerald lifted their price target on shares of Tenable from $30.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Wedbush restated an “outperform” rating and set a $29.00 target price on shares of Tenable in a research note on Tuesday, May 26th. Stifel Nicolaus lifted their target price on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Finally, Canaccord Genuity Group boosted their price target on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Tenable presently has an average rating of “Hold” and a consensus target price of $34.68.
Tenable Trading Down 0.1%
TENB opened at $33.67 on Thursday. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $43.67. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $3.71 billion, a PE ratio of 673.53 and a beta of 0.96. The firm’s fifty day moving average price is $36.18 and its 200 day moving average price is $27.31.
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. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. 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 expect that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.
Tenable 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.
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