NewEdge Wealth LLC Makes New Investment in Tenable Holdings, Inc. $TENB

NewEdge Wealth LLC purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,032 shares of the company’s stock, valued at approximately $754,000.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Tenable by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after purchasing an additional 465,039 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Tenable by 11.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares during the last quarter. Shapiro Capital Management LLC increased its position in shares of Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares during the last quarter. First Trust Advisors LP increased its position in shares of Tenable by 9.6% during the 3rd quarter. First Trust Advisors LP now owns 3,219,954 shares of the company’s stock worth $93,894,000 after purchasing an additional 282,265 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 5.1%

TENB stock opened at $21.49 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $2.37 billion, a PE ratio of -214.90 and a beta of 0.87. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $35.69. The business’s 50 day simple moving average is $19.54 and its 200 day simple moving average is $22.52.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. As a group, research analysts anticipate that Tenable Holdings, Inc. will post 0.49 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on TENB. Canaccord Genuity Group lowered their price target on Tenable from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a report on Tuesday, April 21st. TD Cowen decreased their target price on Tenable from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. JPMorgan Chase & Co. decreased their target price on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Finally, UBS Group decreased their target price on Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.84.

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.