Amundi Sells 212,388 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Amundi reduced its Tenable stake by 75.8% in the first quarter, selling 212,388 shares and retaining 67,778 shares valued at approximately $1.15 million.
• Other major institutions increased their positions, with UBS and Arrowstreet making substantial purchases; institutional investors collectively own 89.06% of Tenable’s stock.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and average price target of $34.68. Tenable recently exceeded quarterly EPS and revenue estimates, reporting $0.51 EPS and $268.51 million in revenue.

Amundi cut its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 75.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 67,778 shares of the company's stock after selling 212,388 shares during the quarter. Amundi owned about 0.06% of Tenable worth $1,146,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TENB. UBS Group AG boosted its stake in Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company's stock worth $72,768,000 after purchasing an additional 2,369,402 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company's stock valued at $63,131,000 after purchasing an additional 2,375,587 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company's stock valued at $363,009,000 after purchasing an additional 465,039 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Tenable by 19.0% in the fourth quarter. Hsbc Holdings PLC now owns 173,914 shares of the company's stock valued at $4,109,000 after purchasing an additional 27,825 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in shares of Tenable during the fourth quarter worth about $754,000. 89.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TENB has been the topic of a number of recent research reports. Stephens lifted their target price on Tenable from $24.00 to $29.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. DA Davidson upped their price target on Tenable from $22.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. William Blair cut shares of Tenable from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Tenable from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. Finally, Stifel Nicolaus increased their target price on shares of Tenable from $26.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $34.68.

Tenable Price Performance

NASDAQ:TENB opened at $36.38 on Friday. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a current ratio of 0.79, a quick ratio of 0.85 and a debt-to-equity ratio of 1.78. The firm has a fifty day simple moving average of $33.09 and a 200 day simple moving average of $25.08. The stock has a market capitalization of $4.01 billion, a PE ratio of 727.75 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The company's quarterly revenue 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. On average, research analysts expect that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Tenable Company Profile

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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