VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 97,122 shares of the company’s stock, valued at approximately $3,582,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new stake in Tenable in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Tenable during the 4th quarter valued at about $28,000. Quadrant Capital Group LLC acquired a new position in shares of Tenable in the 4th quarter valued at about $38,000. Horizon Investments LLC purchased a new stake in shares of Tenable in the third quarter worth about $45,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Tenable in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Weiss Ratings upgraded Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Canaccord Genuity Group raised their price objective on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Scotiabank raised shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a report on Monday, July 6th. Wells Fargo & Company decreased their target price on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Needham & Company LLC raised their price target on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable has an average rating of “Hold” and an average target price of $34.68.
Tenable Stock Performance
Shares of NASDAQ:TENB opened at $33.67 on Thursday. 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. The firm has a market capitalization of $3.71 billion, a PE ratio of 673.53 and a beta of 0.96. The business’s 50 day moving average price is $36.18 and its 200-day moving average price is $27.31.
Tenable (NASDAQ:TENB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that Tenable Holdings, Inc. will post 0.5 earnings per share 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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