Algert Global LLC Sells 90,470 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Algert Global LLC cut its Tenable stake by 56.1% in the second quarter, selling 90,470 shares and retaining 70,834 shares valued at approximately $2.61 million. Institutional investors collectively own 89.06% of TENB.
• Tenable reported quarterly EPS of $0.51, beating estimates of $0.47, while revenue rose 8.6% year over year to $268.51 million. The company issued fiscal 2026 EPS guidance of $1.95–$2.00.
• Analyst sentiment remains mixed, with eight Buy, eleven Hold, and one Sell rating; the stock has an average “Hold” rating and a consensus price target of $34.68, below its reported $37.67 opening price.

Algert Global LLC reduced its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 56.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,834 shares of the company's stock after selling 90,470 shares during the period. Algert Global LLC owned approximately 0.06% of Tenable worth $2,612,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TENB. Sanctuary Advisors LLC acquired a new position in shares of Tenable during the second quarter valued at about $500,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Tenable during the second quarter valued at about $20,294,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Tenable during the second quarter worth about $81,000. Quantbot Technologies LP purchased a new stake in Tenable during the second quarter worth about $564,000. Finally, Ieq Capital LLC bought a new stake in Tenable in the second quarter worth about $19,372,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Trading Up 0.1%

TENB stock opened at $37.67 on Friday. Tenable Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $43.67. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The firm has a market cap of $4.15 billion, a P/E ratio of 753.55 and a beta of 0.94. The company's 50-day simple moving average is $35.57 and its 200-day simple moving average is $26.58.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. During the same quarter in the previous year, the business earned $0.34 EPS. Tenable's revenue for the quarter was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TENB. Weiss Ratings upgraded shares of Tenable from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Stephens raised their price objective on shares of Tenable from $24.00 to $29.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Piper Sandler lowered shares of Tenable from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $35.00 to $30.00 in a research report on Thursday, July 30th. Canaccord Genuity Group increased their target price on Tenable from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group lowered their price target on Tenable from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $34.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.