Tenable Holdings, Inc. $TENB Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Tenable stake by 63.4% in the second quarter, selling 55,595 shares and retaining 32,066 shares valued at approximately $1.18 million. Institutional investors collectively own 89.06% of the company.
• Analysts remain cautious, with Tenable receiving an average rating of “Hold” and an average price target of $34.68. UBS and Jefferies recently lowered their price targets, while DA Davidson raised its target to $25.
• Tenable reported quarterly earnings of $0.51 per share, beating estimates of $0.47, while revenue rose 8.6% year over year to $268.51 million. Shares opened at $35.43, near the analysts’ average target.

Engineers Gate Manager LP lessened its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 63.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,066 shares of the company's stock after selling 55,595 shares during the quarter. Engineers Gate Manager LP's holdings in Tenable were worth $1,183,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TENB. EverSource Wealth Advisors LLC boosted its stake in Tenable by 217.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company's stock worth $60,000 after purchasing an additional 2,432 shares during the period. Harbor Investment Advisory LLC acquired a new position in Tenable in the second quarter valued at $66,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Tenable in the fourth quarter valued at about $72,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Tenable in the second quarter valued at about $81,000. Finally, KBC Group NV boosted its stake in shares of Tenable by 42.1% during the first quarter. KBC Group NV now owns 4,897 shares of the company's stock worth $83,000 after buying an additional 1,451 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TENB. UBS Group lowered their price target on Tenable from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Wall Street Zen downgraded Tenable from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Weiss Ratings raised Tenable from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. Jefferies Financial Group dropped their target price on Tenable from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Finally, DA Davidson boosted their target price on Tenable from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, May 22nd. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Tenable presently has an average rating of "Hold" and an average target price of $34.68.

Tenable Trading Down 1.7%

NASDAQ:TENB opened at $35.43 on Friday. The stock has a fifty day moving average price of $35.45 and a two-hundred day moving average price of $28.03. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 708.74 and a beta of 0.96. 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 Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The company 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%. The business's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $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. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

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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