Stephens Investment Management Group LLC Sells 467,324 Shares of Tenable Holdings, Inc. $TENB

Stephens Investment Management Group LLC lessened its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 42.5% during the first quarter, Holdings Channel.com reports. The firm owned 633,122 shares of the company’s stock after selling 467,324 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Tenable were worth $10,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UBS Group AG lifted its holdings in shares of Tenable by 327.6% during the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Norges Bank purchased a new stake in shares of Tenable in the 4th quarter worth approximately $44,542,000. First Trust Advisors LP grew its stake in shares of Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after buying an additional 1,023,671 shares during the last quarter. Shapiro Capital Management LLC increased its position in Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in Tenable by 101.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,824,949 shares of the company’s stock valued at $42,941,000 after buying an additional 919,047 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of TENB opened at $38.60 on Monday. The business’s fifty day simple moving average is $26.18 and its two-hundred day simple moving average is $22.83. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. Tenable Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $39.43. The company has a market cap of $4.26 billion, a price-to-earnings ratio of -386.00 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays boosted their target price on Tenable from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Morgan Stanley set a $27.00 price target on Tenable in a research report on Thursday, April 30th. Robert W. Baird set a $34.00 price target on shares of Tenable in a research note on Thursday, April 30th. Susquehanna cut their price objective on shares of Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Finally, Scotiabank reduced their price objective on shares of Tenable from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Tenable currently has a consensus rating of “Hold” and a consensus target price of $29.42.

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.