Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $31.94

Tenable Holdings, Inc. (NASDAQ:TENB) has received a consensus recommendation of “Hold” from the twenty-one research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $30.50.

TENB has been the topic of several recent analyst reports. Wedbush lowered their target price on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Zacks Research cut Tenable from a “strong-buy” rating to a “hold” rating in a report on Tuesday. UBS Group lowered their price target on Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Wells Fargo & Company began coverage on Tenable in a research report on Tuesday. They issued an “equal weight” rating and a $19.00 price objective for the company. Finally, Morgan Stanley set a $30.00 target price on Tenable in a research note on Thursday, December 18th.

Tenable Trading Up 3.9%

Tenable stock opened at $21.18 on Friday. The firm has a market cap of $2.43 billion, a PE ratio of -70.60 and a beta of 0.67. Tenable has a 12 month low of $17.27 and a 12 month high of $38.54. The stock’s 50 day simple moving average is $21.86 and its two-hundred day simple moving average is $26.15. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.

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

Insider Buying and Selling at Tenable

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

Hedge Funds Weigh In On Tenable

A number of hedge funds have recently made changes to their positions in TENB. Pacer Advisors Inc. boosted its stake in shares of Tenable by 0.6% in the fourth quarter. Pacer Advisors Inc. now owns 379,077 shares of the company’s stock worth $8,920,000 after acquiring an additional 2,096 shares during the last quarter. Invesco Ltd. lifted its holdings in Tenable by 12.2% in the 4th quarter. Invesco Ltd. now owns 134,307 shares of the company’s stock valued at $3,160,000 after purchasing an additional 14,564 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Tenable during the 4th quarter worth $1,683,000. Mercer Global Advisors Inc. ADV acquired a new stake in Tenable during the 4th quarter worth $209,000. Finally, Vident Advisory LLC grew its holdings in shares of Tenable by 29.3% during the fourth quarter. Vident Advisory LLC now owns 227,424 shares of the company’s stock worth $5,351,000 after buying an additional 51,541 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.