TENABLE HOLDINGS, INC.
In the published model solve dated 2026-Q2, anchored at $35.98, TENABLE HOLDINGS, INC. (TENB) is priced for today's economics sustained for ~23.9 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Tenable sells subscription cybersecurity built around exposure management, and its economics are the recurring-revenue kind the 10-K describes as revenue ⟦"recognized ratably over the subscription term given the critical utility provided by the ongoing updates"⟧, producing roughly $260 million of trailing free cash flow on about $1 billion of revenue. • The wedge to watch is between reported cash flow and true owner cash flow: stock-based compensation of roughly $180 million absorbs most of th
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294 institutional managers reported holding TENB in 13F filings for the quarter ended 2026-03-31. 57 opened new positions that quarter. Held by Vanguard Group, BlackRock, Arrowstreet Capital, among others. On the short side, 11.5M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TENB's share count grew 9.5% over the past five years even with $493.48M spent on repurchases. It pays no dividend. Cash returned over the past three years: $493.48M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TENB over the trailing three years: 2026: 2 buys totaling $358k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TENB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +11.3% | -6.6% |
| 2023-11-10 | -16.1% | +25.8% |
| 2024-02-29 | +6.8% | -6.1% |
| 2024-05-08 | +0.5% | -6.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TENB's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-05-21 (items 7.01, 9.01); 2026-05-13 (items 5.07); 2026-04-29 (items 2.02, 9.01); 2026-02-04 (items 2.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.