Readystate Asset Management LP Invests $4.59 Million in Tenable Holdings, Inc. $TENB

Readystate Asset Management LP bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 157,295 shares of the company’s stock, valued at approximately $4,587,000. Readystate Asset Management LP owned approximately 0.13% of Tenable at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TENB. Voya Investment Management LLC raised its position in Tenable by 39.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock worth $32,412,000 after purchasing an additional 316,390 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Tenable by 12.2% during the third quarter. Stephens Investment Management Group LLC now owns 1,101,773 shares of the company’s stock valued at $32,128,000 after buying an additional 120,145 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Tenable by 9.7% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 129,931 shares of the company’s stock worth $4,389,000 after buying an additional 11,469 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in shares of Tenable by 285.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 46,364 shares of the company’s stock worth $1,566,000 after buying an additional 34,331 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Tenable by 16,873.5% during the 3rd quarter. Pacer Advisors Inc. now owns 376,981 shares of the company’s stock worth $10,993,000 after acquiring an additional 374,760 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling at Tenable

In related news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur W. Coviello, Jr. bought 12,000 shares of the stock in a transaction on Monday, February 9th. The stock was purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the purchase, the director owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.50% of the company’s stock.

Tenable Trading Down 2.0%

NASDAQ TENB opened at $22.10 on Wednesday. Tenable Holdings, Inc. has a one year low of $19.15 and a one year high of $39.99. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -73.66 and a beta of 0.63. The company’s 50-day simple moving average is $23.11 and its two-hundred day simple moving average is $26.93.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $260.53 million during the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TENB shares. Piper Sandler cut their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price on shares of Tenable in a research note on Thursday, February 5th. UBS Group cut their price target on shares of Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Tenable in a research note on Friday, January 30th. Finally, Stifel Nicolaus set a $24.00 price objective on shares of Tenable in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and an average target price of $31.94.

Tenable Company 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.