Corient Private Wealth LP Sells 81,238 Shares of Tenable Holdings, Inc. $TENB

Key Points

• Corient Private Wealth cut its Tenable position by 49.2% in the second quarter, selling 81,238 shares and retaining 83,911 shares valued at approximately $3.1 million.
• Institutional ownership remains high at 89.06%, with BlackRock, Manufacturers Life, Norges Bank and other major investors recently establishing or expanding positions.
• Tenable beat quarterly earnings and revenue expectations, but analyst sentiment is mixed: the stock carries a consensus “Hold” rating with an average price target of $34.68, below its reported $35.43 share price.

Corient Private Wealth LP lowered its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 49.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,911 shares of the company's stock after selling 81,238 shares during the quarter. Corient Private Wealth LP owned 0.08% of Tenable worth $3,095,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TENB. BlackRock Inc. acquired a new position in Tenable during the second quarter worth $498,387,000. Arrowstreet Capital Limited Partnership increased its stake in 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 buying an additional 2,375,587 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Tenable during the 2nd quarter worth about $76,759,000. Norges Bank bought a new stake in Tenable during the 4th quarter worth about $44,542,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Tenable during the 2nd quarter worth about $42,489,000. 89.06% of the stock is owned by institutional investors.

Tenable Price Performance

Shares of TENB stock opened at $35.43 on Monday. Tenable Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $43.67. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 708.74 and a beta of 0.96. The firm's 50-day moving average is $35.45 and its 200-day moving average is $28.09. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79.

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, topping analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million for 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%.The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. 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 predict that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

TENB has been the topic of a number of recent research reports. Truist Financial lowered their target price on Tenable from $40.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Wedbush cut Tenable from an "outperform" rating to an "underperform" rating and set a $29.00 price target for the company. in a research report on Thursday, September 10th. Susquehanna raised their price target on Tenable from $26.00 to $36.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their price target on Tenable from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. Finally, Stephens boosted their price target on Tenable from $24.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Tenable presently has a consensus rating of "Hold" and an average target price of $34.68.

Tenable Company Profile

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company's product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.

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