Swiss National Bank Lowers Position in Tenable Holdings, Inc. $TENB

Swiss National Bank cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 229,600 shares of the company’s stock after selling 3,100 shares during the period. Swiss National Bank’s holdings in Tenable were worth $7,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Tenable by 1,043.7% in the second quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock valued at $109,434,000 after acquiring an additional 2,956,367 shares during the last quarter. Nuveen LLC acquired a new position in shares of Tenable in the 1st quarter valued at about $35,330,000. Penserra Capital Management LLC grew its holdings in shares of Tenable by 33.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,249,740 shares of the company’s stock worth $75,996,000 after purchasing an additional 562,151 shares during the period. Cubist Systematic Strategies LLC increased its position in Tenable by 828.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 432,564 shares of the company’s stock worth $15,131,000 after purchasing an additional 385,975 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Tenable by 5.6% in the first quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company’s stock valued at $207,038,000 after buying an additional 312,299 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $42.00 price target on shares of Tenable in a research report on Thursday, October 23rd. JPMorgan Chase & Co. lowered their price target on Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, October 27th. DA Davidson set a $32.00 price objective on Tenable in a research note on Thursday, October 30th. Finally, Scotiabank decreased their target price on Tenable from $37.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tenable presently has an average rating of “Hold” and a consensus target price of $38.63.

Tenable Stock Performance

Shares of TENB opened at $26.53 on Friday. Tenable Holdings, Inc. has a 52-week low of $25.28 and a 52-week high of $45.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -98.26 and a beta of 0.71. The business’s 50 day moving average is $28.52 and its two-hundred day moving average is $30.69.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS. Q4 2025 guidance at 0.390-0.430 EPS. Analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity at Tenable

In other Tenable news, insider Barron Anschutz sold 976 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $29.10, for a total transaction of $28,401.60. Following the sale, the insider owned 61,420 shares in the company, valued at $1,787,322. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 4,622 shares of Tenable stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $30.12, for a total value of $139,214.64. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $451,800. The trade was a 23.56% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.50% of the company’s stock.

Tenable Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.