Readystate Asset Management LP Invests $7.38 Million in Tenable Holdings, Inc. $TENB

Key Points

• Readystate Asset Management initiated a 200,000-share position in Tenable valued at approximately $7.38 million, representing about 0.18% of the company. Institutional investors collectively own 89.06% of TENB.
• Analyst sentiment is mixed, with eight Buy ratings, eleven Holds and one Sell; Tenable has a consensus “Hold” rating and an average price target of $34.68.
• Tenable beat quarterly expectations, reporting adjusted EPS of $0.51 versus $0.47 expected and revenue of $268.51 million, up 8.6% year over year.

Readystate Asset Management LP purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 200,000 shares of the company's stock, valued at approximately $7,376,000. Readystate Asset Management LP owned approximately 0.18% of Tenable at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TENB. BlackRock Inc. bought a new position in shares of Tenable in the second quarter worth approximately $498,387,000. Ameriprise Financial Inc. increased its position in shares of Tenable by 11.0% during the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company's stock valued at $209,354,000 after acquiring an additional 713,291 shares in the last quarter. First Trust Advisors LP increased its position in shares of Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company's stock valued at $99,852,000 after acquiring an additional 1,023,671 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company's stock worth $63,131,000 after acquiring an additional 2,375,587 shares during the last quarter. Finally, Shapiro Capital Management LLC raised its holdings in Tenable by 38.8% in the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company's stock worth $105,336,000 after acquiring an additional 1,010,230 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on TENB shares. UBS Group cut their target price on Tenable from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Wall Street Zen upgraded Tenable from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Susquehanna upped their price target on Tenable from $26.00 to $36.00 and gave the company a "positive" rating in a report on Thursday, July 30th. TD Cowen increased their price objective on Tenable from $38.00 to $44.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded Tenable from a "sell (d-)" rating to a "sell (d+)" rating in a report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Tenable currently has a consensus rating of "Hold" and a consensus target price of $34.68.

Tenable Price Performance

NASDAQ TENB opened at $34.25 on Monday. The company has a 50-day moving average price of $36.32 and a 200-day moving average price of $27.06. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $43.67. 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 firm has a market capitalization of $3.77 billion, a P/E ratio of 685.14 and a beta of 0.96.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $264.87 million. During the same period in the previous year, the business posted $0.34 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. 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 research analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Tenable 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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