Counterpoint Mutual Funds LLC Buys New Position in Tenable Holdings, Inc. $TENB

Counterpoint Mutual Funds LLC purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 265,541 shares of the company’s stock, valued at approximately $4,492,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares during the period. Ameriprise Financial Inc. raised its position in Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after purchasing an additional 713,291 shares during the last quarter. First Trust Advisors LP boosted its stake in Tenable by 31.8% during the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after purchasing an additional 1,023,671 shares during the period. Shapiro Capital Management LLC boosted its stake in Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares during the period. Finally, UBS Group AG grew its position in Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

TENB has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Tenable from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. William Blair downgraded shares of Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Susquehanna lowered their price target on Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Canaccord Genuity Group boosted their price target on Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.42.

Tenable Stock Performance

NASDAQ:TENB opened at $38.60 on Friday. The firm’s fifty day moving average price is $26.18 and its 200 day moving average price is $22.84. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $39.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of -386.00 and a beta of 0.93.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company had revenue of $262.06 million during the quarter, compared to the consensus estimate of $258.83 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Tenable’s quarterly revenue was up 9.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, sell-side analysts expect that Tenable Holdings, Inc. will post 0.49 EPS for the current 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.