Hsbc Holdings PLC Lowers Stock Holdings in Tenable Holdings, Inc. $TENB

Hsbc Holdings PLC cut its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 11.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 154,192 shares of the company’s stock after selling 19,722 shares during the period. Hsbc Holdings PLC owned approximately 0.13% of Tenable worth $2,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fulton Bank N.A. increased its holdings in shares of Tenable by 7.0% in the first quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock valued at $197,000 after purchasing an additional 758 shares during the period. Quarry LP purchased a new position in Tenable in the 3rd quarter valued at $25,000. Perigon Wealth Management LLC grew its position in Tenable by 5.1% in the 4th quarter. Perigon Wealth Management LLC now owns 17,843 shares of the company’s stock valued at $420,000 after buying an additional 872 shares during the last quarter. Signaturefd LLC increased its stake in Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 948 shares during the period. Finally, Cerity Partners LLC increased its stake in Tenable by 10.8% in the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company’s stock valued at $233,000 after buying an additional 965 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TENB has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price 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. Morgan Stanley set a $27.00 price target on shares of Tenable in a research note on Thursday, April 30th. Truist Financial reissued a “hold” rating and set a $40.00 price target (up from $27.00) on shares of Tenable in a report on Tuesday. Wedbush restated an “outperform” rating and issued a $29.00 price objective on shares of Tenable in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Tenable from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.42.

Tenable Stock Performance

NASDAQ:TENB opened at $32.25 on Friday. The firm’s fifty day simple moving average is $31.38 and its 200-day simple moving average is $24.31. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a market cap of $3.56 billion, a PE ratio of -322.50 and a beta of 0.93. Tenable Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $43.67.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The firm had revenue of $262.06 million during the quarter, compared to analysts’ expectations of $258.83 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Analysts expect that Tenable Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Tenable Company 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.