Tenable Holdings, Inc. $TENB Stock: Prime Capital Investment Advisors LLC Cuts Stake

Prime Capital Investment Advisors LLC lowered its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 19.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 70,678 shares of the company’s stock after selling 16,997 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Tenable were worth $2,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TENB. Firetrail Investments PTY Ltd. bought a new stake in Tenable during the second quarter valued at approximately $8,389,000. Bank of America Corp DE bought a new position in Tenable in the second quarter worth approximately $30,884,000. Dimensional Fund Advisors LP raised its position in Tenable by 231.4% in the first quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock worth $13,827,000 after acquiring an additional 570,760 shares during the period. Wellington Management Group LLP bought a new position in Tenable in the second quarter worth approximately $6,357,000. Finally, BlackRock Inc. bought a new position in Tenable in the second quarter worth approximately $498,387,000. Institutional investors own 89.06% of the company’s stock.

Tenable Trading Up 4.3%

Shares of NASDAQ:TENB opened at $40.67 on Thursday. The stock has a 50 day moving average of $36.40 and a 200 day moving average of $31.06. The company has a market cap of $4.48 billion, a PE ratio of 813.56 and a beta of 1.01. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $43.67. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. 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, equities research analysts expect that Tenable Holdings, Inc. will post 0.50 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TENB. Piper Sandler cut shares of Tenable from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $30.00 in a research note on Thursday, July 30th. Barclays reduced their price objective on Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Scotiabank raised Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price on the stock in a report on Monday, July 6th. Wedbush downgraded Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 target price on the stock. in a research report on Thursday, September 10th. Finally, Cantor Fitzgerald lifted their target price on Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average price target of $35.60.

About Tenable

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.