Tenable (NASDAQ:TENB) Stock Price Up 7% – Here’s Why

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) traded up 7% during trading on Friday . The company traded as high as $28.60 and last traded at $29.3610. Approximately 289,366 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 3,086,054 shares. The stock had previously closed at $27.44.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Tenable from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. DA Davidson raised their target price on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Wells Fargo & Company lifted their price target on Tenable from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Jefferies Financial Group boosted their price target on Tenable from $22.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Finally, Robert W. Baird set a $34.00 price objective on Tenable in a research note on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $29.16.

Tenable Price Performance

The company has a fifty day simple moving average of $24.22 and a 200 day simple moving average of $22.42. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of -296.92 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 released its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $262.06 million during the quarter, compared to the consensus estimate of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Equities research analysts forecast that Tenable Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

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

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.