Stock Traders Purchase High Volume of Tenable Call Options (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) was the recipient of unusually large options trading on Wednesday. Traders bought 3,373 call options on the stock. This is an increase of 388% compared to the average volume of 691 call options.

Tenable Trading Down 3.5%

Shares of NASDAQ TENB traded down $1.09 during trading on Wednesday, reaching $29.81. The stock had a trading volume of 3,389,506 shares, compared to its average volume of 3,160,908. The business’s 50-day moving average price is $20.70 and its 200-day moving average price is $22.26. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $35.69. The company has a market cap of $3.29 billion, a P/E ratio of -298.10 and a beta of 0.99. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm had revenue of $262.06 million during the quarter, compared to the consensus estimate of $258.83 million. During the same period in the prior year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, equities research analysts predict that Tenable will post 0.49 EPS for the current fiscal year.

Institutional Trading of Tenable

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Tenable by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after acquiring an additional 465,039 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Tenable by 11.0% during the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares during the last quarter. First Trust Advisors LP raised its holdings in Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after purchasing an additional 1,023,671 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its position in Tenable by 38.8% during the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after purchasing an additional 1,010,230 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TENB has been the subject of a number of analyst reports. Barclays upped their price target on Tenable from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Canaccord Genuity Group boosted their price target on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Morgan Stanley set a $27.00 price objective on shares of Tenable in a research report on Thursday, April 30th. Needham & Company LLC lifted their target price on shares of Tenable from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Scotiabank cut their target price on shares of Tenable from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.16.

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.