Tenable Holdings, Inc. $TENB Shares Sold by Susquehanna Fundamental Investments LLC

Key Points

• Susquehanna Fundamental Investments cut its Tenable stake by 48% in the second quarter, selling 176,974 shares and retaining 191,965 shares valued at approximately $7.08 million. Institutional investors and hedge funds collectively own 89.06% of TENB.
• Analyst sentiment is mixed: eight analysts rate Tenable a Buy, eleven a Hold, and one a Sell. The consensus rating is Hold, with an average price target of $34.68.
• Tenable exceeded quarterly expectations, reporting $0.51 in adjusted earnings per share versus a $0.47 estimate and revenue of $268.51 million, up 8.6% year over year. Shares opened at $38.15, while the company’s 12-month trading range is $15.73 to $43.67.

Susquehanna Fundamental Investments LLC decreased its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 48.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 191,965 shares of the company's stock after selling 176,974 shares during the period. Susquehanna Fundamental Investments LLC owned 0.17% of Tenable worth $7,080,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TENB. Quarry LP acquired a new position in Tenable in the 3rd quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Tenable in the fourth quarter valued at $28,000. Quadrant Capital Group LLC acquired a new position in Tenable in the fourth quarter valued at $38,000. Horizon Investments LLC acquired a new stake in Tenable in the 3rd quarter worth about $45,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Tenable during the 4th quarter valued at about $48,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TENB has been the subject of several research analyst reports. TD Cowen upped their price target on shares of Tenable from $38.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Barclays dropped their price objective on Tenable from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Stifel Nicolaus lifted their target price on Tenable from $26.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Jefferies Financial Group lowered their price target on Tenable from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. Finally, Scotiabank upgraded Tenable from a "sector perform" rating to a "sector outperform" rating and set a $50.00 price target for the company in a research note on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $34.68.

Tenable Trading Up 1.3%

NASDAQ TENB opened at $38.15 on Tuesday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 763.15 and a beta of 0.94. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. Tenable Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $43.67. The company's fifty day moving average price is $35.80 and its two-hundred day moving average price is $26.72.

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 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 company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The company's revenue was up 8.6% on a year-over-year basis. 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, research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source