Sanctuary Advisors LLC Takes Position in Tenable Holdings, Inc. $TENB

Sanctuary Advisors LLC acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,559 shares of the company’s stock, valued at approximately $500,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after purchasing an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Tenable by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after buying an additional 17,349 shares during the period. Jane Street Group LLC raised its holdings in shares of Tenable by 83.6% in the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after buying an additional 51,266 shares during the period. Invesco Ltd. lifted its stake in Tenable by 12.9% during the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after acquiring an additional 13,903 shares in the last quarter. Finally, Amundi lifted its stake in Tenable by 52.0% during the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after acquiring an additional 30,256 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 0.1%

Shares of NASDAQ:TENB opened at $37.67 on Friday. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The firm’s 50 day moving average price is $35.57 and its 200 day moving average price is $26.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 753.55 and a beta of 0.94.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $264.87 million. During the same quarter in the previous year, the business posted $0.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, equities research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TENB. Cantor Fitzgerald lifted their target price on Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Weiss Ratings raised shares of Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Susquehanna increased their target price on shares of Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Finally, Truist Financial decreased their price target on shares of Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.