JPMorgan Chase & Co. Sells 25,053 Shares of Tenable Holdings, Inc. $TENB

JPMorgan Chase & Co. trimmed its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,418 shares of the company’s stock after selling 25,053 shares during the quarter. JPMorgan Chase & Co. owned 0.44% of Tenable worth $15,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its stake in shares of Tenable by 20.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 70,714 shares of the company’s stock valued at $2,062,000 after acquiring an additional 11,893 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in Tenable in the 3rd quarter worth about $52,000. Illinois Municipal Retirement Fund boosted its holdings in Tenable by 39.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 42,792 shares of the company’s stock valued at $1,248,000 after purchasing an additional 12,088 shares during the period. Haven Private LLC grew its position in shares of Tenable by 37.7% during the 3rd quarter. Haven Private LLC now owns 14,137 shares of the company’s stock worth $412,000 after purchasing an additional 3,872 shares in the last quarter. Finally, Tempus Wealth Planning LLC increased its holdings in shares of Tenable by 13.8% during the third quarter. Tempus Wealth Planning LLC now owns 17,537 shares of the company’s stock worth $511,000 after purchasing an additional 2,127 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TENB shares. Stifel Nicolaus set a $24.00 price target on Tenable in a research report on Thursday, February 5th. Wells Fargo & Company began coverage on Tenable in a research report on Tuesday. They set an “equal weight” rating and a $19.00 target price for the company. Barclays reduced their target price on Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Jefferies Financial Group dropped their price target on Tenable from $29.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, February 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $30.00 price objective on shares of Tenable in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Tenable Price Performance

Shares of TENB stock opened at $19.96 on Wednesday. The business has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $26.22. The company has a market cap of $2.29 billion, a P/E ratio of -66.53 and a beta of 0.67. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. Tenable Holdings, Inc. has a twelve month low of $17.27 and a twelve month high of $38.83.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The firm had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. On average, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the stock in a transaction dated Monday, February 9th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the acquisition, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Brooke Seawell sold 115,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.

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.