Freestone Grove Partners LP Acquires New Holdings in Tenable Holdings, Inc. $TENB

Freestone Grove Partners LP bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,152,100 shares of the company’s stock, valued at approximately $42,489,000. Freestone Grove Partners LP owned about 1.05% of Tenable at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted 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 buying an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 valued at $11,436,000 after acquiring an additional 17,349 shares during the last quarter. Jane Street Group LLC lifted its position in Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after acquiring an additional 51,266 shares during the last quarter. Invesco Ltd. boosted its stake in Tenable by 12.9% in the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after acquiring an additional 13,903 shares in the last quarter. Finally, Amundi boosted its stake in Tenable by 52.0% in the second quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after acquiring an additional 30,256 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Performance

Shares of TENB opened at $33.66 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50-day moving average of $35.14 and a two-hundred day moving average of $26.38. The stock has a market cap of $3.71 billion, a P/E ratio of 673.33 and a beta of 0.94. Tenable Holdings, Inc. has a one year low of $15.73 and a one year high of $43.67.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, research analysts predict that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird set a $34.00 price target on shares of Tenable in a report on Thursday, April 30th. Wedbush reissued an “outperform” rating and issued a $29.00 price objective on shares of Tenable in a research report on Tuesday, May 26th. Jefferies Financial Group reduced their target price on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Canaccord Genuity Group increased their price target on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their price target on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.68.

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.