Tenable (NASDAQ:TENB) Trading Down 8.8% – What’s Next?

Tenable Holdings, Inc. (NASDAQ:TENB) was down 8.8% on Monday . The stock traded as low as $18.19 and last traded at $18.1490. Approximately 581,640 shares were traded during trading, a decline of 77% from the average daily volume of 2,540,275 shares. The stock had previously closed at $19.91.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TENB. TD Cowen dropped their target price on Tenable from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Scotiabank dropped their price target on shares of Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Stifel Nicolaus set a $24.00 price target on shares of Tenable in a report on Thursday, February 5th. JPMorgan Chase & Co. lowered their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Finally, Jefferies Financial Group cut their target price on Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Tenable currently has an average rating of “Moderate Buy” and a consensus price target of $31.94.

Tenable Stock Up 3.9%

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average is $22.41 and its 200 day moving average is $26.53. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -63.33 and a beta of 0.63.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were bought at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the transaction, the director directly owned 51,731 shares in the company, valued at approximately $1,112,216.50. This represents a 30.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Tenable

Several large investors have recently added to or reduced their stakes in the business. UBS Group AG increased its position in Tenable by 327.6% during the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Norges Bank purchased a new stake in Tenable during the fourth quarter worth approximately $44,542,000. First Trust Advisors LP increased its position in shares of Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after acquiring an additional 1,023,671 shares in the last quarter. Shapiro Capital Management LLC increased 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 valued at $105,336,000 after purchasing an additional 1,010,230 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in Tenable by 101.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,824,949 shares of the company’s stock valued at $42,941,000 after purchasing an additional 919,047 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.