Tenable Holdings, Inc. $TENB Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 11.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 154,192 shares of the company’s stock after selling 19,722 shares during the period. Hsbc Holdings PLC’s holdings in Tenable were worth $2,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in Tenable in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new position in Tenable during the fourth quarter worth about $28,000. Signaturefd LLC lifted its holdings in shares of Tenable by 312.9% in the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Tenable in the fourth quarter valued at about $38,000. Finally, Horizon Investments LLC purchased a new stake in shares of Tenable in the third quarter valued at about $45,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TENB shares. Wells Fargo & Company raised their price objective on shares of Tenable from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 24th. Truist Financial reissued a “hold” rating and set a $40.00 price target (up from $27.00) on shares of Tenable in a research report on Tuesday. Wedbush reissued an “outperform” rating and issued a $29.00 price target on shares of Tenable in a report on Tuesday, May 26th. Finally, UBS Group downgraded Tenable from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.42.

Tenable Stock Performance

Shares of TENB opened at $32.25 on Friday. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67. The company’s 50 day simple moving average is $31.38 and its 200 day simple moving average is $24.31. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -322.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. The firm had revenue of $262.06 million during the quarter, compared to analysts’ expectations of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. Tenable’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, sell-side analysts predict that Tenable Holdings, Inc. will post 0.49 EPS for the current year.

Tenable 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.