Tenable Holdings, Inc. $TENB Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its Tenable stake by 2,454.2% in the first quarter, ending with 98,412 shares worth approximately $1.665 million. Institutional investors collectively own 89.06% of Tenable.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $34.68, despite several firms recently raising their targets to as high as $44.
• Tenable reported quarterly earnings of $0.51 per share, beating estimates of $0.47, while revenue rose 8.6% year over year to $268.51 million. The stock opened at $36.38, compared with a 52-week range of $15.73 to $43.67.

Empowered Funds LLC boosted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 2,454.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,412 shares of the company's stock after acquiring an additional 94,559 shares during the period. Empowered Funds LLC owned 0.09% of Tenable worth $1,665,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Fulton Bank N.A. raised its holdings in Tenable by 7.0% during the first quarter. Fulton Bank N.A. now owns 11,645 shares of the company's stock worth $197,000 after purchasing an additional 758 shares in the last quarter. Quarry LP purchased a new stake in Tenable in the 3rd quarter valued at approximately $25,000. Signaturefd LLC increased its position in Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company's stock worth $29,000 after purchasing an additional 948 shares during the period. Cerity Partners LLC increased its position in Tenable by 10.8% during the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company's stock worth $233,000 after purchasing an additional 965 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Tenable by 4.7% during the 4th quarter. ProShare Advisors LLC now owns 22,208 shares of the company's stock worth $523,000 after buying an additional 997 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TENB shares. Jefferies Financial Group decreased their price target on Tenable from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, July 30th. Stephens raised their target price on Tenable from $24.00 to $29.00 and gave the company an "equal weight" rating in a report on Tuesday, May 26th. Susquehanna boosted their target price on shares of Tenable from $26.00 to $36.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Tenable from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 30th. Finally, TD Cowen increased their price target on shares of Tenable from $38.00 to $44.00 and gave the company a "buy" rating in a report on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.68.

Tenable Stock Performance

NASDAQ TENB opened at $36.38 on Friday. The business has a 50 day moving average price of $33.09 and a 200 day moving average price of $25.08. The company has a market capitalization of $4.01 billion, a P/E ratio of 727.75 and a beta of 0.94. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year 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 0.85.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. Tenable's 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. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal 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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