Mackenzie Financial Corp decreased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,506,270 shares of the company’s stock after selling 183,768 shares during the period. Mackenzie Financial Corp owned about 2.10% of Tenable worth $73,083,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Tenable during the second quarter worth $37,000. Exchange Traded Concepts LLC bought a new position in shares of Tenable in the third quarter valued at about $45,000. Abich Financial Wealth Management LLC bought a new position in shares of Tenable in the third quarter valued at about $52,000. CI Investments Inc. lifted its position in Tenable by 40.2% during the 3rd quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock worth $73,000 after buying an additional 713 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Tenable by 76.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock worth $78,000 after acquiring an additional 1,164 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on TENB shares. Barclays lowered their price objective on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Wells Fargo & Company initiated coverage on shares of Tenable in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $19.00 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 price target on shares of Tenable in a report on Friday, January 30th. Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Finally, JPMorgan Chase & Co. dropped their target price on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Tenable currently has an average rating of “Hold” and an average target price of $30.50.
Tenable Trading Down 0.9%
TENB opened at $20.51 on Thursday. The firm has a 50 day simple moving average of $21.62 and a 200 day simple moving average of $25.85. Tenable Holdings, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $37.90. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -68.36 and a beta of 0.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95.
Tenable (NASDAQ:TENB – Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The firm 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%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Arthur W. Coviello, Jr. bought 12,000 shares of Tenable stock in a transaction on Monday, February 9th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the acquisition, the director owned 51,731 shares in the company, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of the company’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 SEC filing for this sale provides additional information. 1.50% of the stock is owned by insiders.
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.
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