Tenable Holdings, Inc. $TENB Shares Purchased by First Trust Advisors LP

Key Points

• First Trust Advisors LP boosted its stake in Tenable by 9.6% in Q3, buying 282,265 shares to hold 3,219,954 shares (~2.7%) worth about $93.9 million.
• Tenable beat Q results with $0.48 EPS vs. $0.42 expected and $260.5M revenue (up 10.5% YoY), and set FY2026 guidance of $1.81–$1.90 EPS and Q1 guidance of $0.39–$0.42.
• Analysts' consensus is a Hold with an average price target of $30.50 (10 Buys, 10 Holds, 1 Sell), while the stock trades near $21 with a $2.41B market cap and a 12‑month range of $17.27–$37.90.

First Trust Advisors LP boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,219,954 shares of the company's stock after purchasing an additional 282,265 shares during the quarter. First Trust Advisors LP owned approximately 2.70% of Tenable worth $93,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Global Investments grew its position in shares of Tenable by 5.1% during the third quarter. Summit Global Investments now owns 12,930 shares of the company's stock worth $377,000 after buying an additional 632 shares in the last quarter. IVC Wealth Advisors LLC lifted its stake in Tenable by 10.7% in the third quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company's stock worth $214,000 after acquiring an additional 711 shares during the last quarter. CI Investments Inc. grew its holdings in Tenable by 40.2% during the 3rd quarter. CI Investments Inc. now owns 2,487 shares of the company's stock worth $73,000 after acquiring an additional 713 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Tenable by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,300 shares of the company's stock worth $271,000 after acquiring an additional 799 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in shares of Tenable by 5.2% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company's stock valued at $559,000 after purchasing an additional 814 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial set a $27.00 price objective on shares of Tenable in a report on Tuesday, January 20th. Piper Sandler dropped their target price on Tenable from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, January 5th. Needham & Company LLC restated a "buy" rating and issued a $28.00 price target on shares of Tenable in a research note on Thursday, February 5th. JPMorgan Chase & Co. decreased their price target on Tenable from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. Finally, TD Cowen lowered their price objective on Tenable from $45.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $30.50.

Insider Activity

In other news, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Arthur W. Coviello, Jr. bought 12,000 shares of Tenable stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of $21.50 per share, with a total value of $258,000.00. Following the completion of the acquisition, the director directly owned 51,731 shares in the company, valued at approximately $1,112,216.50. The trade was a 30.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.50% of the company's stock.

Tenable Stock Down 0.1%

Shares of NASDAQ:TENB opened at $21.02 on Tuesday. The firm has a 50 day simple moving average of $21.74 and a 200-day simple moving average of $25.96. Tenable Holdings, Inc. has a twelve month low of $17.27 and a twelve month high of $37.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $2.41 billion, a PE ratio of -70.06 and a beta of 0.67.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The firm had revenue of $260.53 million for the quarter, compared to the consensus estimate of $251.79 million. During the same period last year, the firm posted $0.41 EPS. The company's revenue was up 10.5% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. On average, equities analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

About Tenable

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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