Tenable (NASDAQ:TENB) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Tenable (NASDAQ:TENB) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued an equal weight rating and a $19.00 target price on the stock.

A number of other equities analysts also recently weighed in on TENB. Jefferies Financial Group dropped their price target on shares of Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. DA Davidson dropped their target price on Tenable from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Scotiabank cut their price target on Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. TD Cowen reduced their price target on Tenable from $45.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a report on Thursday, January 22nd. Ten research 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, Tenable currently has a consensus rating of “Hold” and a consensus price target of $30.50.

Tenable Trading Up 3.9%

NASDAQ:TENB opened at $21.18 on Tuesday. The stock has a market cap of $2.43 billion, a PE ratio of -70.60 and a beta of 0.67. Tenable has a fifty-two week low of $17.27 and a fifty-two week high of $38.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.94. The stock’s 50-day moving average is $21.86 and its two-hundred day moving average is $26.15.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TENB. Pacer Advisors Inc. lifted its position in Tenable by 0.6% during the 4th quarter. Pacer Advisors Inc. now owns 379,077 shares of the company’s stock worth $8,920,000 after acquiring an additional 2,096 shares during the last quarter. Invesco Ltd. increased its stake in shares of Tenable by 12.2% in the fourth quarter. Invesco Ltd. now owns 134,307 shares of the company’s stock worth $3,160,000 after purchasing an additional 14,564 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Tenable during the 4th quarter worth about $1,683,000. Mercer Global Advisors Inc. ADV bought a new stake in Tenable during the 4th quarter valued at approximately $209,000. Finally, Vident Advisory LLC grew its holdings in Tenable by 29.3% in the 4th quarter. Vident Advisory LLC now owns 227,424 shares of the company’s stock valued at $5,351,000 after buying an additional 51,541 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Company Profile

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.