Hsbc Holdings PLC grew its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,446 shares of the company’s stock after buying an additional 29,254 shares during the period. Hsbc Holdings PLC owned 0.17% of Tenable worth $6,715,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in Tenable during the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in Tenable in the 4th quarter worth approximately $28,000. Horizon Investments LLC purchased a new stake in Tenable in the 3rd quarter worth approximately $45,000. Quadrant Capital Group LLC bought a new position in Tenable in the 4th quarter valued at $38,000. Finally, Harbor Investment Advisory LLC bought a new position in Tenable in the 2nd quarter valued at $66,000. 89.06% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TENB has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus lifted their price objective on Tenable from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Wedbush restated an “outperform” rating and set a $29.00 target price on shares of Tenable in a research report on Tuesday, May 26th. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, DA Davidson raised their price target on Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.68.
Tenable Price Performance
Shares of Tenable stock opened at $33.67 on Thursday. The firm has a market capitalization of $3.71 billion, a PE ratio of 673.53 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $43.67. The business’s 50-day moving average price is $36.18 and its 200-day moving average price is $27.31.
Tenable (NASDAQ:TENB – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.Tenable’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal 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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