Hanseatic Management Services Inc. Acquires 30,101 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Hanseatic Management Services acquired 30,101 Tenable shares worth approximately $1.095 million during the third quarter. Institutional investors collectively own 89.06% of TENB, with several funds increasing their positions.
• Tenable reported third-quarter revenue of $276.4 million, up 9.5% year over year, alongside stronger operating margins and cash flow, and raised its full-year outlook. The company also expanded its enterprise reach through a new partnership with Atos.
• Despite positive operating momentum, Tenable trades at a very elevated valuation after a sharp share-price rise, while analyst views remain mixed: the consensus rating is “Hold” with a $36.40 price target versus a recent share price of $48.72.

Hanseatic Management Services Inc. acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,101 shares of the company's stock, valued at approximately $1,095,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TENB. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Tenable by 1,021.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company's stock worth $66,000 after buying an additional 1,654 shares during the last quarter. Sterling Capital Management LLC raised its stake in Tenable by 804.5% during the 3rd quarter. Sterling Capital Management LLC now owns 3,654 shares of the company's stock valued at $133,000 after acquiring an additional 3,250 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in Tenable during the 3rd quarter valued at approximately $1,025,000. Pinnacle Associates Ltd. raised its stake in Tenable by 7.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 539,174 shares of the company's stock valued at $19,621,000 after acquiring an additional 38,664 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Tenable by 20.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company's stock worth $93,000 after acquiring an additional 437 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Key Tenable News

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Raised full-year outlook supports the bull case. Tenable reported third-quarter revenue of $276.4 million, up 9.5% year over year, with a 27.1% non-GAAP operating margin, up 380 basis points. Operating cash flow reached $72.5 million and unlevered free cash flow was $69.4 million. The company also raised its full-year outlook. Tenable Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Analyst support and options activity added momentum. Cantor Fitzgerald maintained its Buy rating, while a Robert W. Baird analyst reportedly indicated that Tenable’s stock could rise. Unusually high call-option buying and a prior analyst upgrade may have further encouraged bullish positioning. Cantor Fitzgerald Rating Robert W. Baird Analyst Commentary
• Positive Sentiment: New Atos partnership expands enterprise reach. Atos selected Tenable to power its continuous threat exposure management service and named Tenable a preferred partner, potentially improving the company’s access to large corporate and government customers. Tenable Selected by Atos
• Neutral Sentiment: Valuation leaves little room for disappointment. Tenable’s shares have risen substantially over the past year and trade at a very elevated earnings multiple, making future guidance and execution particularly important for investors.
• Negative Sentiment: Reported EPS missed expectations. Tenable posted quarterly EPS of $0.18, below the $0.51 consensus estimate. The earnings shortfall could limit the positive reaction to otherwise strong revenue, margin, cash-flow and guidance metrics. Tenable Earnings Report

Analyst Ratings Changes

Several brokerages have weighed in on TENB. Cantor Fitzgerald reiterated an "overweight" rating and issued a $45.00 target price on shares of Tenable in a research note on Monday. Barclays cut their price target on Tenable from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Scotiabank raised Tenable from a "sector perform" rating to a "sector outperform" rating and set a $50.00 price target for the company in a report on Monday, July 6th. UBS Group decreased their price target on Tenable from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Finally, Yorkville Ives began coverage on shares of Tenable in a research report on Tuesday, October 6th. They issued an "outperform" rating and a $45.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $36.40.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $48.72 on Thursday. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $50.21. The company has a 50-day moving average price of $37.36 and a 200 day moving average price of $28.49. The company has a market cap of $5.37 billion, a P/E ratio of 974.59 and a beta of 1.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $276.39 million for the quarter, compared to analysts' expectations of $271.58 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. Research analysts predict that Tenable Holdings, Inc. will post 0.50 earnings per share for the current year.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company's product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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