38,664 Tenable Holdings, Inc. $TENB Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,174 shares of the company’s stock after buying an additional 38,664 shares during the period. Pinnacle Associates Ltd.’s holdings in Tenable were worth $19,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Tenable by 20.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company’s stock worth $93,000 after acquiring an additional 437 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Tenable by 42.4% during the 3rd quarter. CWA Asset Management Group LLC now owns 75,943 shares of the company’s stock valued at $2,764,000 after acquiring an additional 22,604 shares during the last quarter. Jackson Square Capital LLC raised its stake in shares of Tenable by 61.2% in the 3rd quarter. Jackson Square Capital LLC now owns 29,539 shares of the company’s stock valued at $1,075,000 after acquiring an additional 11,218 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Tenable by 313.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,782 shares of the company’s stock valued at $901,000 after acquiring an additional 18,785 shares in the last quarter. Finally, Krilogy Financial LLC raised its stake in shares of Tenable by 2.6% in the 3rd quarter. Krilogy Financial LLC now owns 12,521 shares of the company’s stock valued at $456,000 after acquiring an additional 317 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group boosted their target price on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Jefferies Financial Group lowered their price target on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Piper Sandler lowered shares of Tenable from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $30.00 in a research report on Thursday, July 30th. 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. Finally, Truist Financial boosted their price objective on shares of Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.60.

Tenable Stock Up 0.1%

TENB stock opened at $38.98 on Wednesday. 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 52-week low of $15.73 and a 52-week high of $43.67. The company has a 50-day moving average of $36.33 and a two-hundred day moving average of $30.90. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 779.76 and a beta of 1.01.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. 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 anticipate that Tenable Holdings, Inc. will post 0.50 EPS for the current year.

Tenable Company Profile

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.