Assenagon Asset Management S.A. Sells 1,101,691 Shares of Tenable Holdings, Inc. $TENB

Assenagon Asset Management S.A. lessened its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 67.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520,785 shares of the company’s stock after selling 1,101,691 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Tenable were worth $8,809,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Tenable during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Tenable during the 4th quarter valued at approximately $28,000. Signaturefd LLC grew its holdings 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 in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Tenable in the fourth quarter valued at $38,000. Finally, Horizon Investments LLC purchased a new position in shares of Tenable in the third quarter valued at $45,000. Institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TENB shares. Zacks Research downgraded shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Canaccord Genuity Group lifted their price objective on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Scotiabank reduced their target price on shares of Tenable from $23.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, April 30th. Robert W. Baird set a $34.00 target price on shares of Tenable in a research report on Thursday, April 30th. Finally, William Blair downgraded shares of Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.16.

Tenable Price Performance

Shares of TENB opened at $30.22 on Monday. The company has a market cap of $3.33 billion, a PE ratio of -302.20 and a beta of 0.98. The business has a fifty day moving average of $24.45 and a 200 day moving average of $22.44. Tenable Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $35.69. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The business had revenue of $262.06 million for the quarter, compared to analysts’ expectations of $258.83 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. 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, sell-side analysts expect that Tenable Holdings, Inc. will post 0.49 EPS for the current year.

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.