Norges Bank Invests $44.54 Million in Tenable Holdings, Inc. $TENB

Norges Bank acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,893,007 shares of the company’s stock, valued at approximately $44,542,000.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in Tenable during the 3rd quarter worth $25,000. Signaturefd LLC raised its stake in Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after buying an additional 948 shares during the period. Horizon Investments LLC acquired a new stake in Tenable during the 3rd quarter worth $45,000. Abich Financial Wealth Management LLC acquired a new stake in Tenable during the 3rd quarter worth $52,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Tenable during the 4th quarter worth $72,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of Tenable stock opened at $27.56 on Tuesday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -275.60 and a beta of 0.98. The stock’s 50-day moving average is $21.69 and its 200-day moving average is $22.35. Tenable Holdings, Inc. has a one year low of $15.73 and a one year high of $35.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $262.06 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities analysts predict that Tenable Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TENB. Canaccord Genuity Group raised their price objective on Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Robert W. Baird set a $34.00 price objective on Tenable in a research note on Thursday, April 30th. Stephens raised their price objective on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus boosted their price target on Tenable from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tenable currently has a consensus rating of “Hold” and an average price target of $29.16.

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.