Parallax Volatility Advisers L.P. Buys New Stake in Tenable Holdings, Inc. $TENB

Parallax Volatility Advisers L.P. purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,617 shares of the company’s stock, valued at approximately $650,000.

A number of other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Tenable by 36.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $93,000 after purchasing an additional 671 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Tenable by 7.0% during the first quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock worth $197,000 after purchasing an additional 758 shares during the last quarter. Quarry LP acquired a new position in shares of Tenable during the 3rd quarter valued at about $25,000. Cerity Partners LLC increased its stake in shares of Tenable by 10.8% during the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company’s stock valued at $233,000 after acquiring an additional 965 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings 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 acquiring an additional 997 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Price Performance

Shares of NASDAQ TENB opened at $33.66 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $3.71 billion, a PE ratio of 673.33 and a beta of 0.94. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $43.67. The business’s fifty day moving average price is $35.14 and its two-hundred day moving average price is $26.38.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TENB. DA Davidson increased their price target on shares of Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Truist Financial cut their target price on Tenable from $40.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price on the stock in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their price target on Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Finally, Piper Sandler lowered Tenable from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $30.00 in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.68.

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.