Corient Private Wealth LP Buys Shares of 67,404 Tenable Holdings, Inc. $TENB

Corient Private Wealth LP purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 67,404 shares of the company’s stock, valued at approximately $2,486,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Quarry LP acquired a new stake in Tenable in the 3rd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in Tenable during the fourth quarter worth $28,000. Horizon Investments LLC acquired a new position in Tenable during the third quarter worth $45,000. Quadrant Capital Group LLC purchased a new position in shares of Tenable during the fourth quarter worth $38,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Tenable during the second quarter worth $66,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

NASDAQ:TENB opened at $34.24 on Thursday. The company has a fifty day simple moving average of $36.09 and a two-hundred day simple moving average of $26.89. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 684.94 and a beta of 0.96. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $43.67.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. 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, equities analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TENB has been the topic of several research analyst reports. DA Davidson boosted their price objective on Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Susquehanna raised their target price on Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a report on Thursday, July 30th. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Needham & Company LLC boosted their price target on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Tenable has an average rating of “Hold” and an average price target of $34.68.

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.