Readystate Asset Management LP Acquires New Position in Tenable Holdings, Inc. $TENB

Readystate Asset Management LP bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the 2nd quarter, Holdings Channel reports. The fund bought 200,000 shares of the company’s stock, valued at approximately $7,376,000.

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

Analyst Ratings Changes

TENB has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Truist Financial dropped their price objective on Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Barclays cut their target price on Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Needham & Company LLC boosted their price target on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.68.

Tenable Stock Performance

Shares of Tenable stock opened at $34.25 on Monday. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $43.67. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The business has a 50-day moving average price of $36.32 and a 200-day moving average price of $27.06. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 685.14 and a beta of 0.96.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping 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 the consensus estimate of $264.87 million. During the same period in the previous year, the business earned $0.34 earnings per share. 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. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

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.