Emerald Advisers LLC Trims Stock Holdings in Tenable Holdings, Inc. $TENB

Emerald Advisers LLC lessened its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 556,931 shares of the company’s stock after selling 62,065 shares during the quarter. Emerald Advisers LLC owned approximately 0.46% of Tenable worth $16,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. IVC Wealth Advisors LLC boosted its stake in shares of Tenable by 10.7% during the 3rd quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock worth $214,000 after purchasing an additional 711 shares during the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Tenable by 5.2% in the second quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock valued at $559,000 after buying an additional 814 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Tenable during the second quarter valued at approximately $37,000. Y.D. More Investments Ltd lifted its stake in shares of Tenable by 11.5% during the second quarter. Y.D. More Investments Ltd now owns 11,169 shares of the company’s stock valued at $366,000 after buying an additional 1,152 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Tenable by 76.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock worth $78,000 after acquiring an additional 1,164 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the topic of several analyst reports. Truist Financial set a $27.00 price objective on Tenable in a report on Tuesday. Canaccord Genuity Group dropped their target price on Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Scotiabank decreased their price target on Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, October 27th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.82.

Tenable Trading Up 2.2%

Shares of TENB stock opened at $22.33 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. Tenable Holdings, Inc. has a fifty-two week low of $21.55 and a fifty-two week high of $45.44. The firm’s 50 day moving average price is $24.79 and its two-hundred day moving average price is $28.46. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -82.70 and a beta of 0.64.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $252.44 million during the quarter, compared to analyst estimates of $247.43 million. Tenable’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. On average, analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Activity at Tenable

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

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.