Tenable (NASDAQ:TENB) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Tenable (NASDAQ:TENB) posted its quarterly earnings results on Wednesday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06, FiscalAI reports. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The business had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable updated its FY 2026 guidance to 1.900-1.980 EPS and its Q2 2026 guidance to 0.460-0.48 EPS.

Tenable Trading Up 5.0%

TENB traded up $1.03 on Wednesday, hitting $21.47. The company had a trading volume of 5,502,339 shares, compared to its average volume of 2,915,476. The firm has a market cap of $2.46 billion, a P/E ratio of -71.56 and a beta of 0.75. Tenable has a 1 year low of $15.73 and a 1 year high of $35.69. The company’s fifty day moving average price is $19.23 and its 200 day moving average price is $23.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09.

Insider Transactions at Tenable

In related news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of Tenable stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the acquisition, the director owned 51,731 shares in the company, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Tenable

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Tenable in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new stake in Tenable during the fourth quarter worth about $28,000. Horizon Investments LLC purchased a new stake in Tenable during the third quarter worth about $45,000. Quadrant Capital Group LLC purchased a new stake in Tenable during the fourth quarter worth about $38,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Tenable during the fourth quarter worth about $48,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TENB. DA Davidson reduced their price target on Tenable from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Tenable in a report on Thursday, February 5th. Piper Sandler reduced their price target on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Wedbush reduced their price objective on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Finally, Canaccord Genuity Group set a $33.00 price objective on shares of Tenable in a report on Thursday, February 5th. Nine 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.35.

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.