Bollard Group LLC Makes New Investment in Tenable Holdings, Inc. $TENB

Bollard Group LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 34,277 shares of the company’s stock, valued at approximately $1,158,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in shares of Tenable by 1,043.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company’s stock worth $109,434,000 after buying an additional 2,956,367 shares during the last quarter. Norges Bank bought a new position in Tenable in the second quarter valued at about $47,983,000. Nuveen LLC purchased a new position in Tenable in the first quarter worth about $35,330,000. Marshall Wace LLP grew its stake in shares of Tenable by 272.1% during the 2nd quarter. Marshall Wace LLP now owns 1,237,173 shares of the company’s stock valued at $41,792,000 after purchasing an additional 904,662 shares during the period. Finally, Penserra Capital Management LLC grew its stake in shares of Tenable by 33.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,249,740 shares of the company’s stock valued at $75,996,000 after purchasing an additional 562,151 shares during the period. 89.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tenable news, insider Barron Anschutz sold 976 shares of Tenable stock in a transaction on Friday, October 17th. The shares were sold at an average price of $29.10, for a total value of $28,401.60. Following 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 legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a report on Wednesday, October 8th. DA Davidson set a $32.00 price target on shares of Tenable in a research note on Thursday, October 30th. JPMorgan Chase & Co. cut their price objective on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. Finally, Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.63.

Tenable Stock Down 0.9%

Shares of TENB opened at $26.40 on Monday. The business’s 50 day moving average is $28.18 and its 200 day moving average is $30.46. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. Tenable Holdings, Inc. has a 12-month low of $25.28 and a 12-month high of $45.44. The company has a market capitalization of $3.15 billion, a PE ratio of -97.78 and a beta of 0.73.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Tenable Company Profile

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.