Tenable Holdings, Inc. (NASDAQ:TENB) Given Consensus Rating of “Hold” by Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has been given an average rating of “Hold” by the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $34.6842.

Several equities research analysts have weighed in on the stock. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a research note on Monday, July 6th. Piper Sandler downgraded Tenable from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $30.00 in a research report on Thursday, July 30th. Stephens increased their price objective on Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th.

Institutional Trading of Tenable

Several large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares during the period. UBS Group AG grew its position in Tenable by 327.6% during the 4th 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 period. Norges Bank acquired a new stake in Tenable during the 4th quarter worth about $44,542,000. SEB Asset Management AB purchased a new position in shares of Tenable during the 1st quarter valued at about $18,935,000. Finally, First Trust Advisors LP raised its stake in shares of Tenable by 31.8% during the 4th 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 last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

NASDAQ:TENB opened at $35.94 on Wednesday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 718.94 and a beta of 0.94. Tenable has a 1 year low of $15.73 and a 1 year high of $43.67. The stock’s 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $24.80. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 13.58%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, equities analysts anticipate that Tenable will post 0.5 earnings per share for the current fiscal year.

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.