Tenable (NASDAQ:TENB) Director Arthur Coviello, Jr. Acquires 12,000 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) Director Arthur Coviello, Jr. purchased 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the transaction, the director directly owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Tenable Trading Up 3.0%

Shares of TENB stock opened at $21.87 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -72.90 and a beta of 0.63. Tenable Holdings, Inc. has a 52-week low of $19.15 and a 52-week high of $41.00. The company has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $27.34.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $260.53 million for the quarter, compared to the consensus estimate of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after purchasing an additional 465,039 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares during the period. Shapiro Capital Management LLC grew its holdings in Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares in the last quarter. First Trust Advisors LP increased its position in shares of Tenable by 9.6% during the third quarter. First Trust Advisors LP now owns 3,219,954 shares of the company’s stock valued at $93,894,000 after buying an additional 282,265 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Tenable by 327.6% in the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after buying an additional 2,369,402 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Tenable from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. TD Cowen dropped their target price on shares of Tenable from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $30.00 price objective on shares of Tenable in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.94.

Tenable Company 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.