Tenable HoldingsTENB
About: Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.
Employees: 1,999
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
22% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 37
12% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 98
3% more funds holding
Funds holding: 275 [Q1] → 283 (+8) [Q2]
1.02% less ownership
Funds ownership: 91.81% [Q1] → 90.79% (-1.02%) [Q2]
12% less capital invested
Capital invested by funds: $5.36B [Q1] → $4.7B (-$652M) [Q2]
34% less call options, than puts
Call options by funds: $10.6M | Put options by funds: $16M
44% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 5 (-4) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Jefferies Joseph Gallo 78% 1-year accuracy 7 / 9 met price target | 8%upside $45 | Hold Initiated | 16 Oct 2024 |
Needham Mike Cikos 47% 1-year accuracy 42 / 90 met price target | 20%upside $50 | Buy Reiterated | 13 Sept 2024 |
Needham Mike Cikos 47% 1-year accuracy 42 / 90 met price target | 20%upside $50 | Buy Maintained | 1 Aug 2024 |
Scotiabank Patrick Colville 57% 1-year accuracy 13 / 23 met price target | 5%upside $44 | Sector Perform Maintained | 1 Aug 2024 |
Barclays Saket Kalia 76% 1-year accuracy 29 / 38 met price target | 17%upside $49 | Equal-Weight Maintained | 1 Aug 2024 |
