Citigroup Inc. Lowers Stock Position in Tenable Holdings, Inc. $TENB

Citigroup Inc. cut its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 41.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,962 shares of the company’s stock after selling 54,218 shares during the period. Citigroup Inc. owned 0.06% of Tenable worth $2,215,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Summit Global Investments lifted its position in Tenable by 5.1% during the third quarter. Summit Global Investments now owns 12,930 shares of the company’s stock valued at $377,000 after purchasing an additional 632 shares during the period. IVC Wealth Advisors LLC grew its position in Tenable by 10.7% during the 3rd quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock worth $214,000 after purchasing an additional 711 shares during the period. Principal Financial Group Inc. grew its position in Tenable by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,300 shares of the company’s stock worth $271,000 after purchasing an additional 799 shares during the period. Elo Mutual Pension Insurance Co raised its stake in shares of Tenable by 5.2% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock valued at $559,000 after buying an additional 814 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Tenable by 3.0% in the 3rd quarter. Arizona State Retirement System now owns 36,139 shares of the company’s stock valued at $1,054,000 after buying an additional 1,063 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Trading Down 0.7%

TENB stock opened at $21.04 on Friday. Tenable Holdings, Inc. has a 52-week low of $17.27 and a 52-week high of $37.90. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The firm has a market cap of $2.42 billion, a P/E ratio of -70.13 and a beta of 0.67. The company’s 50-day simple moving average is $21.80 and its 200-day simple moving average is $26.05.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $260.53 million during the quarter, compared to analyst estimates of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.Tenable’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on TENB. Morgan Stanley set a $30.00 target price on Tenable in a research note on Thursday, December 18th. UBS Group reduced their price target on Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 price target on shares of Tenable in a report on Friday, January 30th. Barclays lowered their price objective on Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Finally, TD Cowen dropped their price objective on shares of Tenable from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable presently has an average rating of “Hold” and an average price target of $30.50.

Insider Activity at Tenable

In other news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur W. Coviello, Jr. bought 12,000 shares of Tenable stock in a transaction dated Monday, February 9th. The shares were acquired at an average cost of $21.50 per share, with a total value of $258,000.00. Following the completion of the purchase, the director owned 51,731 shares in the company, valued at approximately $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.50% of the stock is currently owned by company insiders.

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.