SCHEDULE 13G/A: FMR LLC and Abigail Johnson Disclose 9.8% Passive Stake in Tenable Holdings Inc.

Sentiment:

Beneficial Ownership Disclosure 12 May 2025 2:43 PM

FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 9.8% of Tenable Holdings Inc.'s common stock as of March 31, 2025.

Summary

FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 8 to Schedule 13G regarding their beneficial ownership in Tenable Holdings Inc.
As of March 31, 2025, the reporting persons beneficially own an aggregate of 11,832,733.79 shares of Tenable Holdings Inc. common stock.
This ownership represents 9.8% of the total outstanding class of securities.
FMR LLC holds sole voting power over 11,819,846.00 shares and sole dispositive power over 11,832,733.79 shares.
The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Tenable Holdings Inc.
Abigail P. Johnson is identified as a Director, Chairman, and Chief Executive Officer of FMR LLC, with the Johnson family group potentially forming a controlling group with respect to FMR LLC through their ownership of Series B voting common shares and a shareholders' voting agreement.

Sentiment

Score: 6

Explanation: The filing indicates a continued significant passive stake by a major institutional investor, FMR LLC, in Tenable Holdings Inc., which can be viewed as a positive signal of long-term confidence. However, as a routine ownership disclosure (Schedule 13G), it does not contain new operational or financial performance data for the issuer, making its direct sentiment impact on the company's prospects largely neutral.

Positives

A major institutional investor, FMR LLC, maintains a significant passive stake in Tenable Holdings Inc., which can be interpreted as continued confidence in the company's long-term prospects.
The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, suggesting stability in the ownership structure and a non-activist investment approach.

Future Outlook

Management Comments

"The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates continued institutional interest in Tenable Holdings Inc., a company operating in the cybersecurity sector. Large passive stakes by major asset managers like FMR LLC are a common feature across various industries and typically signal long-term investment confidence rather than short-term strategic shifts.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Shareholders' Voting Agreement	Members of the Johnson family, including Abigail P. Johnson, have entered into a shareholders' voting agreement under which all Series B voting common shares of FMR LLC will be voted in accordance with the majority vote of Series B voting common shares. This may deem them to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940.	NA	This agreement centralizes voting control within the Johnson family for FMR LLC, impacting its internal governance, but does not directly affect Tenable Holdings Inc.'s corporate governance.

Stakeholder Impact

Shareholders: Provides transparency on a significant institutional holder's stake, potentially offering reassurance regarding long-term institutional interest in the company.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference.
2025-03-31	Date of event which requires filing of this statement, reflecting the reported ownership.
2025-05-09	Date of signing and filing of this Schedule 13G Amendment No. 8.

Recommendation

hold

Keywords

Tenable Holdings Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Cybersecurity

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