Tenable Holdings (TENB)

• Market cap: $4.93B
• 1 day: 0.27%
• 5 days: -1.30%
• 1 month: 0.56%
• 3 months: 1.68%
• 6 months: 4.88%
• Year to date: -6.64%
• 1 year: -8.86%
• 5 years: 74.46%
• 10 years: 35.70%
• 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)

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]

7% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 43

0% more funds holding in top 10

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

1.9% less ownership

Funds ownership: 91.99% [Q2] → 90.09% (-1.9%) [Q3]

9% less capital invested

Capital invested by funds: $4.77B [Q2] → $4.35B (-$415M) [Q3]

49% less call options, than puts

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

Research analyst outlook

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

• Low target: $45 10% upside
• Avg. target: $48 17% upside
• High target: $50 22% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Jefferies Joseph Gallo 69% 1-year accuracy 9 / 13 met price target	10% upside $45	Hold Maintained	19 Dec 2024
Morgan Stanley Hamza Fodderwala 83% 1-year accuracy 24 / 29 met price target	14% upside $47	Equal-Weight Downgraded	2 Dec 2024
Barclays Saket Kalia 63% 1-year accuracy 35 / 56 met price target	10% upside $45	Equal-Weight Maintained	31 Oct 2024
Piper Sandler Rob Owens 73% 1-year accuracy 16 / 22 met price target	22% upside $50	Overweight Maintained	31 Oct 2024
Needham Mike Cikos 56% 1-year accuracy 55 / 99 met price target	22% upside $50	Buy Reiterated	31 Oct 2024