Tenable Holdings (TENB)

• Market cap: $4.93B
• 1 day: 0.56%
• 5 days: 5.96%
• 1 month: 0.44%
• 3 months: -2.56%
• 6 months: -6.79%
• Year to date: 5.36%
• 1 year: -13.74%
• 5 years: 54.24%
• 10 years: 35.74%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

21% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 38

17% more repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 95

1% more funds holding

Funds holding: 284 [Q2] → 287 (+3) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]

1.95% less ownership

Funds ownership: 92.32% [Q2] → 90.37% (-1.95%) [Q3]

9% less capital invested

Capital invested by funds: $4.78B [Q2] → $4.36B (-$419M) [Q3]

49% less call options, than puts

Call options by funds: $4.99M | Put options by funds: $9.77M

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 10% upside
• Avg. target: $47 15% upside
• High target: $50 22% upside

8 analyst ratings

• positive: 3 38%
• neutral: 5 63%
• negative: 0 0%

Scotiabank Patrick Colville 48% 1-year accuracy 20 / 42 met price target	10% upside $45	Sector Perform Maintained	21 Jan 2025
Stifel Adam Borg 66% 1-year accuracy 19 / 29 met price target	10% upside $45	Hold Downgraded	17 Jan 2025
Needham Mike Cikos 60% 1-year accuracy 57 / 95 met price target	22% upside $50	Buy Reiterated	6 Jan 2025
Jefferies Joseph Gallo 54% 1-year accuracy 7 / 13 met price target	10% upside $45	Hold Maintained	19 Dec 2024
Morgan Stanley Hamza Fodderwala 71% 1-year accuracy 20 / 28 met price target	14% upside $47	Equal-Weight Downgraded	2 Dec 2024