Pallas Capital Advisors LLC Invests $700,000 in Tenable Holdings, Inc. $TENB

Pallas Capital Advisors LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,974 shares of the company’s stock, valued at approximately $700,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Tenable by 36.2% during the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $93,000 after buying an additional 671 shares during the period. Fulton Bank N.A. raised its stake in shares of Tenable by 7.0% in the first quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock valued at $197,000 after acquiring an additional 758 shares during the period. Quarry LP purchased a new stake in shares of Tenable in the third quarter valued at $25,000. Cerity Partners LLC lifted its holdings in shares of Tenable by 10.8% in the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company’s stock worth $233,000 after acquiring an additional 965 shares during the last quarter. Finally, ProShare Advisors LLC boosted 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 purchasing an additional 997 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Tenable stock opened at $35.28 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $3.89 billion, a PE ratio of 705.74 and a beta of 0.94. The company has a 50 day moving average price of $34.46 and a 200-day moving average price of $25.92. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.Tenable’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TENB shares. Stifel Nicolaus upped their price target on shares of Tenable from $26.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Susquehanna raised their price objective on shares of Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. Wells Fargo & Company dropped their target price on Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Weiss Ratings raised Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler downgraded Tenable from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $30.00 in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.68.

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.