Tenable (NASDAQ:TENB) Shares Up 9.5% – Time to Buy?

Tenable Holdings, Inc. (NASDAQ:TENB) shares were up 9.5% during trading on Friday . The company traded as high as $28.50 and last traded at $28.4210. Approximately 2,261,918 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 3,095,540 shares. The stock had previously closed at $25.95.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DA Davidson increased their price objective on Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Stephens raised their target price on shares of Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wall Street Zen lowered Tenable from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. Stifel Nicolaus lifted their price target on Tenable from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Finally, Susquehanna decreased their target price on shares of Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.16.

Tenable Stock Up 8.8%

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 company has a fifty day moving average price of $20.36 and a 200-day moving average price of $22.25. The firm has a market capitalization of $3.11 billion, a PE ratio of -282.61 and a beta of 0.87.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $262.06 million for 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 business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous 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. As a group, analysts expect that Tenable Holdings, Inc. will post 0.49 earnings per share for the current year.

Institutional Trading of Tenable

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Tenable by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares during the last quarter. Ameriprise Financial Inc. raised its position in Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares during the period. First Trust Advisors LP boosted its position in shares of Tenable by 31.8% during the fourth 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 during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after buying an additional 2,375,587 shares during the period. Finally, Shapiro Capital Management LLC grew its position 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 acquiring an additional 1,010,230 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.