Assenagon Asset Management S.A. Sells 926,846 Shares of Tenable Holdings, Inc. $TENB

Assenagon Asset Management S.A. lowered its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,622,476 shares of the company’s stock after selling 926,846 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Tenable were worth $38,177,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Tenable by 11.5% in the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after purchasing an additional 12,868 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after purchasing an additional 17,349 shares during the period. Jane Street Group LLC grew its holdings in Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after purchasing an additional 51,266 shares during the period. Legal & General Group Plc increased its position in Tenable by 6.5% during the second quarter. Legal & General Group Plc now owns 508,379 shares of the company’s stock worth $17,173,000 after buying an additional 31,200 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Tenable by 5.5% during the second quarter. Rhumbline Advisers now owns 180,456 shares of the company’s stock worth $6,096,000 after buying an additional 9,433 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Trading Down 4.4%

Shares of NASDAQ:TENB opened at $18.11 on Thursday. Tenable Holdings, Inc. has a 12-month low of $17.27 and a 12-month high of $37.10. The business has a 50 day moving average of $20.96 and a 200-day moving average of $25.10. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The stock has a market cap of $2.08 billion, a PE ratio of -60.36 and a beta of 0.67.

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 company had revenue of $260.53 million for the quarter, compared to analyst estimates of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the stock in a transaction on Monday, February 9th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the transaction, the director directly owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TENB has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Piper Sandler decreased their target price on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Wedbush dropped their price target on Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. DA Davidson reduced their price objective on shares of Tenable from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group set a $33.00 price objective on shares of Tenable in a report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.50.

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.