S Squared Technology LLC Purchases Shares of 90,000 Tenable Holdings, Inc. $TENB

S Squared Technology LLC bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 90,000 shares of the company’s stock, valued at approximately $3,319,200. Tenable makes up about 0.0% of S Squared Technology LLC’s holdings, making the stock its 24th largest holding. S Squared Technology LLC owned 0.08% of Tenable at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TENB. GAMMA Investing LLC lifted its stake in shares of Tenable by 36.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock valued at $93,000 after purchasing an additional 671 shares during the period. Fulton Bank N.A. lifted its stake in Tenable by 7.0% during the 1st quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock valued at $197,000 after acquiring an additional 758 shares in the last quarter. Quarry LP purchased a new position in shares of Tenable in the third quarter valued at $25,000. Cerity Partners LLC lifted its holdings in shares of Tenable by 10.8% in the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company’s stock worth $233,000 after acquiring an additional 965 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Tenable by 4.7% in the 4th quarter. ProShare Advisors LLC now owns 22,208 shares of the company’s stock valued at $523,000 after purchasing an additional 997 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 1.2%

Shares of TENB stock traded up $0.44 during trading hours on Friday, reaching $38.06. 4,883,776 shares of the company’s stock were exchanged, compared to its average volume of 3,234,975. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 761.35 and a beta of 0.94. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The stock’s 50 day moving average is $35.35 and its 200-day moving average is $26.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. The firm’s quarterly 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. Analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TENB has been the subject of several recent research reports. Robert W. Baird set a $34.00 price objective on Tenable in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Needham & Company LLC lifted their price target on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Wedbush reissued an “outperform” rating and issued a $29.00 target price on shares of Tenable in a report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tenable currently has a consensus rating of “Hold” and a consensus price target of $34.68.

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.