Barclays Forecasts Strong Price Appreciation for Tenable (NASDAQ:TENB) Stock

Tenable (NASDAQ:TENB) had its price objective increased by equities researchers at Barclays from $28.00 to $41.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 3.07% from the company’s current price.

Several other brokerages have also commented on TENB. Morgan Stanley set a $27.00 price target on shares of Tenable in a research note on Thursday, April 30th. Robert W. Baird set a $34.00 price objective on Tenable in a research note on Thursday, April 30th. William Blair downgraded shares of Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Stifel Nicolaus boosted their price target on Tenable from $22.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. Finally, Canaccord Genuity Group increased their price target on Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tenable presently has an average rating of “Hold” and a consensus target price of $31.63.

Tenable Stock Performance

NASDAQ:TENB opened at $39.78 on Monday. Tenable has a 1 year low of $15.73 and a 1 year high of $42.94. The stock has a market cap of $4.39 billion, a P/E ratio of -397.80 and a beta of 0.93. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day simple moving average of $28.20 and a 200-day simple moving average of $23.38.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TENB. Royal Bank of Canada boosted its stake in shares of Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after acquiring an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Tenable by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after purchasing an additional 17,349 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Tenable by 83.6% in the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after buying an additional 51,266 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Tenable by 12.9% in the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after purchasing an additional 13,903 shares in the last quarter. Finally, Amundi lifted its stake in Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after buying an additional 30,256 shares in the last quarter. 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.