5 Cybersecurity Stocks to Watch Amid Russian Invasion of Ukraine

4. Tenable Holdings, Inc. (NASDAQ:TENB)

Number of Hedge Fund Holders: 33

Tenable Holdings, Inc. (NASDAQ:TENB) is next up on our list of the cybersecurity stocks to watch amid the Russian invasion of Ukraine. Hedge fund sentiment was positive on Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, where 33 hedge funds reported holding shares in the company, up from 29 in the preceding quarter. The leading shareholder of Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter was RGM Capital, with 3.36 million shares valued at $185.14 million.

On January 18, research firm Wedbush added Tenable Holdings, Inc. (NASDAQ:TENB) to its ‘Best Ideas List’ and gave it an ‘Outperform’ rating. The firm noted that the company’s product efforts and driver of new sales are now ‘hitting a new gear’ and resulting in a stronger pipeline of deals, as the company’s cloud-based tenable.ep and tenable.io platforms are increasingly being adopted by more enterprise customers heading into 2022.

The company’s EPS for Q4 was recorded at $0.05, above consensus estimates by $0.03. Quarterly revenue was also above analysts’ forecasts by $4.47 million, coming in at $149.02 million and signifying a 26% year-over-year increase.