Tenable (NASDAQ:TENB) Shares Down 7.7% – Here’s Why

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price traded down 7.7% on Thursday . The stock traded as low as $16.24 and last traded at $16.5450. 662,277 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 2,764,668 shares. The stock had previously closed at $17.93.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group lowered their price objective on Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Wedbush lowered their price objective on Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. DA Davidson lowered their price objective on Tenable from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Scotiabank lowered their price objective on Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Finally, Piper Sandler lowered their price target on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.82.

Tenable Stock Performance

The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -53.59 and a beta of 0.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50 day moving average price of $19.98 and a 200-day moving average price of $24.22.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data 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. The business had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. 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, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Arthur W. Coviello, Jr. acquired 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, for a total transaction 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. The trade was a 30.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Global Investments raised its stake in Tenable by 5.1% in the third quarter. Summit Global Investments now owns 12,930 shares of the company’s stock valued at $377,000 after buying an additional 632 shares in the last quarter. IVC Wealth Advisors LLC raised its stake in Tenable by 10.7% in the third quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock valued at $214,000 after buying an additional 711 shares in the last quarter. CI Investments Inc. raised its stake in Tenable by 40.2% in the third quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock valued at $73,000 after buying an additional 713 shares in the last quarter. Principal Financial Group Inc. raised its stake in Tenable by 9.4% in the third quarter. Principal Financial Group Inc. now owns 9,300 shares of the company’s stock valued at $271,000 after buying an additional 799 shares in the last quarter. Finally, Quarry LP acquired a new stake in Tenable in the third quarter valued at $25,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.