Counterpoint Mutual Funds LLC Makes New Investment in Tenable Holdings, Inc. $TENB

Counterpoint Mutual Funds LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 265,541 shares of the company’s stock, valued at approximately $4,492,000. Counterpoint Mutual Funds LLC owned 0.23% of Tenable as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after buying an additional 465,039 shares during the period. Ameriprise Financial Inc. boosted its holdings in Tenable by 11.0% in the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after purchasing an additional 713,291 shares during the period. First Trust Advisors LP boosted its holdings in Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares during the period. Shapiro Capital Management LLC boosted its holdings in Tenable by 38.8% in the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after purchasing an additional 1,010,230 shares during the period. Finally, UBS Group AG grew its stake in Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Price Performance

Tenable stock opened at $38.60 on Friday. The stock’s fifty day moving average is $26.18 and its two-hundred day moving average is $22.84. The stock has a market cap of $4.26 billion, a PE ratio of -386.00 and a beta of 0.93. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $39.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

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, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $262.06 million during the quarter, compared to the consensus estimate of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. 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 fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their price target on Tenable from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Needham & Company LLC boosted their price objective on Tenable from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley set a $27.00 target price on shares of Tenable in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tenable has a consensus rating of “Hold” and an average price target of $29.42.

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.