Tenable Holdings, Inc. $TENB Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 95.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 16,950 shares of the company’s stock after selling 371,792 shares during the period. Emerald Advisers LLC’s holdings in Tenable were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TENB. Fulton Bank N.A. grew its position in Tenable by 7.0% in the first 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 acquired a new position in shares of Tenable during the third quarter worth $25,000. Perigon Wealth Management LLC lifted its position in shares of Tenable by 5.1% during the fourth quarter. Perigon Wealth Management LLC now owns 17,843 shares of the company’s stock worth $420,000 after purchasing an additional 872 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Tenable by 312.9% in the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Tenable by 10.8% in the fourth quarter. Cerity Partners LLC now owns 9,906 shares of the company’s stock valued at $233,000 after purchasing an additional 965 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 24th. Canaccord Genuity Group boosted their price objective on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Morgan Stanley set a $27.00 price objective on shares of Tenable in a research report on Thursday, April 30th. Jefferies Financial Group raised their target price on Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, May 22nd. Finally, Barclays lifted their target price on Tenable from $28.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.95.

Tenable Trading Up 8.8%

NASDAQ TENB opened at $42.65 on Wednesday. Tenable Holdings, Inc. has a one year low of $15.73 and a one year high of $43.05. The company has a 50-day simple moving average of $29.00 and a 200-day simple moving average of $23.62. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $4.70 billion, a PE ratio of -426.50 and a beta of 0.93.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The company had revenue of $262.06 million during the quarter, compared to analyst estimates of $258.83 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.49 earnings per share for the current year.

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.