Picton Mahoney Asset Management Makes New Investment in Tenable Holdings, Inc. $TENB

Picton Mahoney Asset Management purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,492 shares of the company’s stock, valued at approximately $919,000.

A number of other large investors have also modified their holdings of the stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Tenable during the second quarter worth about $37,000. Exchange Traded Concepts LLC purchased a new position in Tenable in the third quarter worth approximately $45,000. Abich Financial Wealth Management LLC acquired a new position in Tenable during the 3rd quarter worth approximately $52,000. CI Investments Inc. increased its position in shares of Tenable by 40.2% in the 3rd quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock valued at $73,000 after purchasing an additional 713 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Tenable by 76.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,683 shares of the company’s stock worth $78,000 after purchasing an additional 1,164 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of Tenable stock opened at $21.04 on Friday. The firm’s fifty day simple moving average is $21.80 and its 200-day simple moving average is $26.08. Tenable Holdings, Inc. has a 12 month low of $17.27 and a 12 month high of $37.90. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -70.13 and a beta of 0.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. Tenable’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior 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. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

TENB has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price target on shares of Tenable in a report on Friday, January 30th. Barclays dropped their price objective on Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. DA Davidson cut their target price on Tenable from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research note on Thursday, January 22nd. Finally, Wedbush lowered their price target on Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Ten 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.50.

Insider Activity

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur W. Coviello, Jr. bought 12,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were acquired 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 in the company, valued at $1,112,216.50. This trade represents a 30.20% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

Tenable 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.