GSA Capital Partners LLP Buys Shares of 31,641 Tenable Holdings, Inc. $TENB

GSA Capital Partners LLP bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,641 shares of the company’s stock, valued at approximately $923,000.

Several other institutional investors also recently modified their holdings of the stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of Tenable during the 2nd quarter valued at $37,000. Exchange Traded Concepts LLC bought a new position in Tenable in the third quarter valued at about $45,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Tenable during the third quarter valued at about $52,000. Nisa Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,164 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Tenable during the third quarter worth about $168,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of Tenable from $45.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research report on Thursday, January 22nd. UBS Group dropped their price target on shares of Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Barclays cut their price target on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Finally, Scotiabank reduced their price objective on shares of Tenable from $31.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.94.

Insider Activity

In other 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 value of $2,854,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arthur W. Coviello, Jr. bought 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the transaction, the director owned 51,731 shares in the company, valued at $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.50% of the company’s stock.

Tenable Stock Down 8.8%

Shares of NASDAQ TENB opened at $19.91 on Friday. The company’s 50 day moving average price is $22.79 and its 200-day moving average price is $26.78. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. Tenable Holdings, Inc. has a 52-week low of $19.15 and a 52-week high of $39.13. The company has a market capitalization of $2.38 billion, a P/E ratio of -66.36 and a beta of 0.63.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. Tenable’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. 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 earnings per share for the current year.

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.