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

Susquehanna Fundamental Investments LLC lessened its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 48.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 191,965 shares of the company’s stock after selling 176,974 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Tenable were worth $7,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TENB. Quarry LP acquired a new position in Tenable in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Tenable during the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC bought a new stake in shares of Tenable in the 4th quarter worth approximately $38,000. Horizon Investments LLC acquired a new position in Tenable during the 3rd quarter valued at approximately $45,000. Finally, Los Angeles Capital Management LLC acquired a new position in Tenable during the 4th quarter valued at approximately $48,000. Institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial dropped 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. Needham & Company LLC boosted their price target on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Jefferies Financial Group lowered their price target on shares of Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Canaccord Genuity Group increased their price objective on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Scotiabank raised shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a research note on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.68.

Tenable Price Performance

Shares of Tenable stock opened at $38.15 on Tuesday. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $43.67. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a market cap of $4.20 billion, a PE ratio of 763.15 and a beta of 0.94. The company’s 50-day moving average price is $35.80 and its two-hundred day moving average price is $26.72.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. During the same period in the previous year, the firm posted $0.34 EPS. The company’s quarterly 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, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal 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.