Freestone Grove Partners LP Purchases Shares of 1,152,100 Tenable Holdings, Inc. $TENB

Freestone Grove Partners LP purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,152,100 shares of the company’s stock, valued at approximately $42,489,000.

A number of other institutional investors have also modified their holdings of TENB. Royal Bank of Canada lifted its holdings in shares of Tenable by 11.5% in the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after buying an additional 12,868 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after acquiring an additional 17,349 shares during the period. Jane Street Group LLC grew its holdings in Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after acquiring an additional 51,266 shares during the period. Invesco Ltd. raised its position in Tenable by 12.9% during the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after acquiring an additional 13,903 shares in the last quarter. Finally, Amundi raised its position in Tenable by 52.0% during the second quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after acquiring an additional 30,256 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Trading Up 2.7%

Shares of NASDAQ:TENB opened at $33.66 on Thursday. 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 price-to-earnings ratio of 673.33 and a beta of 0.94. 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 business’s 50 day moving average price is $35.14 and its 200-day moving average price is $26.38.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company 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. On average, equities research analysts forecast that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Piper Sandler lowered Tenable from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $30.00 in a research report on Thursday, July 30th. Morgan Stanley set a $27.00 target price on shares of Tenable in a research note on Thursday, April 30th. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target on the stock in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald lifted their price objective on shares of Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.68.

Tenable Company 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.