Firetrail Investments PTY Ltd. Invests $8.39 Million in Tenable Holdings, Inc. $TENB

Key Points

• Firetrail Investments acquired 228,861 Tenable shares worth approximately $8.39 million, making Tenable 2.4% of its portfolio and its 22nd-largest holding.
• Institutional ownership remains high at 89.06%, while several other investment firms recently initiated positions in the cybersecurity company.
• Analysts maintain a consensus “Hold” rating with a $34.68 price target, despite some recent upgrades. Tenable’s latest quarterly results beat estimates, with $268.5 million in revenue, $0.51 EPS, and 8.6% year-over-year revenue growth.

Firetrail Investments PTY Ltd. purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 228,861 shares of the company's stock, valued at approximately $8,389,000. Tenable comprises about 2.4% of Firetrail Investments PTY Ltd.'s holdings, making the stock its 22nd biggest position. Firetrail Investments PTY Ltd. owned 0.21% of Tenable at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TENB. Quarry LP purchased a new stake in Tenable during the third quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new position in Tenable in the fourth quarter valued at about $28,000. Horizon Investments LLC purchased a new position in Tenable in the third quarter valued at about $45,000. Quadrant Capital Group LLC bought a new position in shares of Tenable during the 4th quarter valued at approximately $38,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Tenable during the 2nd quarter valued at approximately $66,000. Institutional investors own 89.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TENB shares. Wall Street Zen raised shares of Tenable from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Scotiabank raised Tenable from a "sector perform" rating to a "sector outperform" rating and set a $50.00 price objective for the company in a report on Monday, July 6th. Cantor Fitzgerald raised their target price on Tenable from $30.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. Stifel Nicolaus raised their target price on Tenable from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded Tenable from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $34.68.

Tenable Stock Performance

NASDAQ TENB opened at $38.33 on Monday. The firm has a market cap of $4.22 billion, a P/E ratio of 766.75 and a beta of 0.94. 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 company's 50 day moving average is $33.95 and its 200-day moving average is $25.64. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $43.67.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 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 last year, the firm earned $0.34 EPS. 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. Sell-side analysts predict 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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