Wellington Management Group LLP Invests $6.36 Million in Tenable Holdings, Inc. $TENB

Wellington Management Group LLP purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 172,364 shares of the company’s stock, valued at approximately $6,357,000.

Several other large investors have also recently bought and sold shares of TENB. Quarry LP bought a new position in shares of Tenable in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tenable during the 4th quarter valued at $28,000. Quadrant Capital Group LLC bought a new position in Tenable during the fourth quarter valued at about $38,000. Horizon Investments LLC bought a new stake in Tenable in the third quarter worth about $45,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Tenable during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TENB. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price on the stock in a report on Monday, July 6th. Piper Sandler lowered Tenable from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research note on Thursday, July 30th. Stifel Nicolaus boosted their target price on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. UBS Group decreased their price target on Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald lifted their price target on Tenable from $30.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Tenable has an average rating of “Hold” and an average target price of $34.68.

Tenable Stock Down 0.1%

Shares of Tenable stock opened at $33.67 on Thursday. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67. The company has a market cap of $3.71 billion, a P/E ratio of 673.53 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average price of $36.18 and a 200 day moving average price of $27.31.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. 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, analysts expect that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

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.