Assenagon Asset Management S.A. Cuts Position in Tenable Holdings, Inc. $TENB

Key Points

• Assenagon Asset Management cut its Tenable stake by 96.4% in the second quarter, selling 502,180 shares and retaining 18,605 shares valued at approximately $686,000. Institutional investors collectively own 89.06% of Tenable’s stock.
• Analyst sentiment is mixed: eight analysts rate Tenable a Buy, eleven rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $34.68.
• Tenable beat quarterly earnings expectations, reporting EPS of $0.51 versus a $0.47 consensus and revenue of $268.51 million, up 8.6% year over year. The stock opened at $38.33, compared with a 12-month range of $15.73 to $43.67.

Assenagon Asset Management S.A. decreased its stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 96.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,605 shares of the company's stock after selling 502,180 shares during the period. Assenagon Asset Management S.A.'s holdings in Tenable were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Tenable in the third quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Tenable in the fourth quarter valued at about $28,000. Quadrant Capital Group LLC acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $38,000. Horizon Investments LLC acquired a new stake in shares of Tenable in the third quarter valued at approximately $45,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Tenable during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TENB. DA Davidson lifted their price objective on Tenable from $22.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Jefferies Financial Group lowered their target price on Tenable from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Piper Sandler downgraded Tenable from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $35.00 to $30.00 in a research report on Thursday, July 30th. Susquehanna boosted their price target on Tenable from $26.00 to $36.00 and gave the stock a "positive" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company reduced their target price on shares of Tenable from $43.00 to $35.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Eight equities research 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 presently has an average rating of "Hold" and an average price target of $34.68.

Tenable Stock Performance

Tenable stock opened at $38.33 on Friday. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 766.75 and a beta of 0.94. Tenable Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $43.67. 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 stock's 50-day moving average is $33.95 and its 200-day moving average is $25.62.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. During the same period in the previous year, the firm earned $0.34 earnings per share. Tenable'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 analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current 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.

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