Hsbc Holdings PLC purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 183,446 shares of the company’s stock, valued at approximately $6,715,000. Hsbc Holdings PLC owned 0.17% of Tenable as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Tenable during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tenable in the 4th quarter valued at $28,000. Horizon Investments LLC purchased a new stake in Tenable in the 3rd quarter valued at $45,000. Quadrant Capital Group LLC purchased a new stake in Tenable in the 4th quarter valued at $38,000. Finally, Harbor Investment Advisory LLC purchased a new stake in Tenable in the 2nd quarter valued at $66,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
Wall Street Analysts Forecast Growth
TENB has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group reduced their target price on shares of Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, July 30th. UBS Group reduced their target price on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a research note on Monday, July 6th. Finally, Stifel Nicolaus raised their price target on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Tenable presently has an average rating of “Hold” and a consensus price target of $34.68.
Tenable Price Performance
Tenable stock opened at $37.67 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day simple moving average of $35.57 and a 200-day simple moving average of $26.58. Tenable Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $43.67. The stock has a market capitalization of $4.15 billion, a PE ratio of 753.55 and a beta of 0.94.
Tenable (NASDAQ:TENB – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. Tenable’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Equities analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.
About Tenable
Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.
At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.
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