Firetrail Investments PTY Ltd. Sells 82,696 Shares of Tenable Holdings, Inc. $TENB

Firetrail Investments PTY Ltd. reduced its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,946 shares of the company’s stock after selling 82,696 shares during the period. Tenable comprises about 1.7% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 27th largest holding. Firetrail Investments PTY Ltd.’s holdings in Tenable were worth $5,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in Tenable in the 3rd quarter valued at approximately $25,000. Signaturefd LLC grew its stake in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after acquiring an additional 948 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Tenable in the third quarter valued at approximately $45,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Tenable in the third quarter valued at approximately $52,000. Finally, CI Investments Inc. lifted its position in shares of Tenable by 40.2% in the third quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock worth $73,000 after purchasing an additional 713 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Performance

Shares of TENB stock opened at $21.83 on Friday. The company has a fifty day moving average price of $19.36 and a two-hundred day moving average price of $22.85. Tenable Holdings, Inc. has a one year low of $15.73 and a one year high of $35.69. The stock has a market cap of $2.41 billion, a P/E ratio of -218.30 and a beta of 0.87. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.95.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. The company had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. Tenable’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. As a group, equities analysts predict that Tenable Holdings, Inc. will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other Tenable news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the stock in a transaction on Monday, February 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the transaction, the director directly owned 51,731 shares in the company, valued at $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wedbush decreased their target price on shares of Tenable from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Zacks Research cut shares of Tenable from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Canaccord Genuity Group reduced their price objective on shares of Tenable from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company raised their price objective on Tenable from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, Scotiabank lowered their target price on Tenable from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Tenable currently has a consensus rating of “Hold” and a consensus target price of $27.84.

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.