JPMorgan Chase & Co. Sells 25,053 Shares of Tenable Holdings, Inc. $TENB

JPMorgan Chase & Co. cut its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 4.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 528,418 shares of the company’s stock after selling 25,053 shares during the quarter. JPMorgan Chase & Co.’s holdings in Tenable were worth $15,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new position in shares of Tenable during the second quarter worth $37,000. Exchange Traded Concepts LLC bought a new position in Tenable during the 3rd quarter worth $45,000. Abich Financial Wealth Management LLC acquired a new position in Tenable during the 3rd quarter worth about $52,000. Nisa Investment Advisors LLC grew its position in shares of Tenable by 76.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock valued at $78,000 after buying an additional 1,164 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Tenable in the 3rd quarter valued at about $168,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Price Performance

Tenable stock opened at $19.96 on Wednesday. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -66.53 and a beta of 0.67. Tenable Holdings, Inc. has a 52-week low of $17.27 and a 52-week high of $38.83. 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 stock’s 50 day moving average price is $21.99 and its two-hundred day moving average price is $26.22.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $260.53 million during the quarter, compared to analyst estimates of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. Tenable’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, equities analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In related news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were bought at an average price of $21.50 per share, with a total value of $258,000.00. Following the transaction, the director directly owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group lowered their price objective on Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Wells Fargo & Company began coverage on shares of Tenable in a report on Tuesday. They set an “equal weight” rating and a $19.00 price target for the company. Barclays dropped their price target on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Morgan Stanley set a $30.00 price objective on shares of Tenable in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

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.