The 5 Stocks That Stephen Perkins’ Toronado Partners Can’t Live Without

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

Toronado Partners’ Stake Value: $46,651,000

Percentage of Toronado Partners’ 13F Portfolio: 16.39%

Number of Hedge Fund Holders: 29

Tenable Holdings, Inc. (NASDAQ:TENB) ranks as the top stock pick that Stephen Perkins’ Toronado Partners can’t live without, as the fund raised its stake in the cybersecurity company by 6% during Q3 to just over 1.01 million shares, a position valued at $46.65 million as of September 30.

One of the 5 Best Security Stocks to Buy Now, Tenable Holdings, Inc. (NASDAQ:TENB)’s Nessus platform is used by over 30,000 organizations worldwide, ranking it as the most popular vulnerability management tool. The platform also protects against more of the common exposures and vulnerabilities (67,000) that have been documented by the U.S government’s database than any other tool. With such potent and customizable vulnerability protection tools, it’s unsurprising that Tenable has grown its base of six-figure customers more than 8-fold over the past five years, to just under 1,000.

Tenable Holdings, Inc. (NASDAQ:TENB) is also one of the few cybersecurity stocks that is profitable, with the company expecting to earn between $0.15 and $0.19 per share in 2022 alongside projected revenue growth of 22%. Tenable expects that rate to be the standard for the next few years, projecting a 20% revenue CAGR from 2021 to 2025, with 2025 revenue hitting $1.1 billion.

You can also take a peek at 10 Best Healthcare Dividend Stocks and Top 15 Dividend Stocks With Upside Potential.

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