Pallas Capital Advisors LLC Takes $700,000 Position in Tenable Holdings, Inc. $TENB

Pallas Capital Advisors LLC purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,974 shares of the company’s stock, valued at approximately $700,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quarry LP purchased a new position in Tenable during the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Tenable in the fourth quarter worth approximately $28,000. Horizon Investments LLC purchased a new stake in Tenable during the third quarter worth $45,000. Quadrant Capital Group LLC purchased a new stake in Tenable during the fourth quarter worth $38,000. Finally, Harbor Investment Advisory LLC bought a new stake in Tenable during the 2nd quarter valued at $66,000. 89.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TENB. Canaccord Genuity Group lifted their price target on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC raised their price objective on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wells Fargo & Company cut their target price on Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Susquehanna boosted their target price on shares of Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Finally, Barclays reduced their target price on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Eight equities research 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 currently has an average rating of “Hold” and an average price target of $34.68.

Tenable Trading Down 2.9%

Shares of NASDAQ:TENB opened at $35.28 on Thursday. The business’s 50-day moving average is $34.46 and its 200 day moving average is $25.92. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67. The firm has a market capitalization of $3.89 billion, a P/E ratio of 705.74 and a beta of 0.94.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $264.87 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s quarterly 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. On average, research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

About Tenable

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.