JPMorgan Chase & Co. Decreases Stock Holdings in Tenable Holdings, Inc. $TENB

JPMorgan Chase & Co. reduced its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 18.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 553,471 shares of the company’s stock after selling 122,661 shares during the quarter. JPMorgan Chase & Co.’s holdings in Tenable were worth $18,696,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Tenable during the first quarter valued at about $69,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Tenable by 743.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,471 shares of the company’s stock worth $86,000 after purchasing an additional 2,178 shares during the last quarter. Headlands Technologies LLC purchased a new position in Tenable during the 1st quarter valued at about $109,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Tenable by 546.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,816 shares of the company’s stock valued at $203,000 after purchasing an additional 4,917 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Tenable in the 2nd quarter worth approximately $230,000. Institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling at Tenable

In other Tenable news, insider Barron Anschutz sold 976 shares of the business’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $29.10, for a total transaction of $28,401.60. Following the completion of the sale, the insider directly owned 61,420 shares in the company, valued at approximately $1,787,322. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TENB shares. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a research report on Wednesday, October 8th. Barclays dropped their target price on shares of Tenable from $39.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Needham & Company LLC reduced their price target on shares of Tenable from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $42.00 price target on shares of Tenable in a research note on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Tenable currently has a consensus rating of “Hold” and an average target price of $38.63.

Tenable Price Performance

Shares of NASDAQ TENB opened at $26.40 on Friday. The company has a 50 day simple moving average of $28.18 and a two-hundred day simple moving average of $30.48. Tenable Holdings, Inc. has a fifty-two week low of $25.28 and a fifty-two week high of $45.44. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -97.78 and a beta of 0.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $252.44 million for the quarter, compared to analysts’ expectations of $247.43 million. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. Analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.