Tenable Holdings, Inc. (NASDAQ:TENB) Stock Has Average Target Price of $34.68

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned an average rating of “Hold” from the twenty analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $34.68.

TENB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Needham & Company LLC lifted their target price on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wells Fargo & Company cut their target price on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Piper Sandler downgraded shares of Tenable from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $30.00 in a report on Thursday, July 30th. Finally, Jefferies Financial Group lowered their price target on shares of Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th.

Tenable Stock Performance

Shares of TENB stock opened at $38.12 on Monday. The company has a market cap of $4.20 billion, a P/E ratio of 117.97 and a beta of 1.01. The firm has a fifty day moving average price of $36.18 and a 200 day moving average price of $30.29. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. Tenable has a 12 month low of $15.73 and a 12 month high of $43.67.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period last year, the business earned $0.34 EPS. Tenable’s revenue for the quarter was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Sell-side analysts predict that Tenable will post 0.50 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. Krilogy Financial LLC increased its position in Tenable by 2.6% during the third quarter. Krilogy Financial LLC now owns 12,521 shares of the company’s stock worth $456,000 after purchasing an additional 317 shares during the last quarter. Allworth Financial LP grew its stake in shares of Tenable by 25.6% during the 2nd quarter. Allworth Financial LP now owns 2,838 shares of the company’s stock valued at $105,000 after buying an additional 579 shares during the period. GAMMA Investing LLC grew its stake in shares of Tenable by 36.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock valued at $93,000 after buying an additional 671 shares during the period. Fulton Bank N.A. increased its holdings in shares of Tenable by 7.0% during the 1st quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock worth $197,000 after buying an additional 758 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Tenable by 0.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 253,666 shares of the company’s stock worth $9,355,000 after buying an additional 1,094 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc (NASDAQ: TENB) is a cybersecurity company focused on exposure management, helping organizations identify, assess and reduce security risks across their technology environments. Its platform is designed to provide visibility into vulnerabilities and other exposures affecting networks, cloud infrastructure, applications, identities and operational technology.

The company’s product portfolio includes Tenable One, an exposure management platform, and Nessus, a widely used vulnerability assessment solution.