Bank of America Corp DE Invests $30.88 Million in Tenable Holdings, Inc. $TENB

Key Points

• Bank of America purchased 837,409 Tenable shares worth approximately $30.88 million, giving it a 0.76% stake. Institutional investors collectively own 89.06% of the cybersecurity company.
• Tenable exceeded quarterly expectations with adjusted EPS of $0.51 versus $0.47 expected and revenue of $268.51 million, up 8.6% year over year. The company issued fiscal 2026 EPS guidance of $1.95–$2.00.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $34.68, below the reported share price of $35.91.

Bank of America Corp DE purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 837,409 shares of the company's stock, valued at approximately $30,884,000. Bank of America Corp DE owned 0.76% of Tenable as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Freestone Grove Partners LP bought a new stake in shares of Tenable during the 2nd quarter worth approximately $42,489,000. Jupiter Topco LLC bought a new position in Tenable in the second quarter valued at approximately $8,366,000. Hsbc Holdings PLC bought a new position in Tenable in the second quarter valued at approximately $6,715,000. Legal & General Group Plc acquired a new position in Tenable during the second quarter valued at approximately $4,549,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Tenable during the second quarter valued at approximately $76,759,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Stock Down 0.8%

Shares of TENB opened at $35.91 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $43.67. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 718.34 and a beta of 0.96. The stock has a fifty day moving average of $35.26 and a 200-day moving average of $28.31.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million during the quarter, compared to analysts' expectations of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TENB has been the subject of several recent analyst reports. Piper Sandler cut Tenable from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $35.00 to $30.00 in a research note on Thursday, July 30th. JPMorgan Chase & Co. lifted their price target on Tenable from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, June 30th. TD Cowen boosted their price target on Tenable from $38.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Jefferies Financial Group dropped their price objective on Tenable from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered Tenable from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $34.68.

About Tenable

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company's product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.