Tenable (NASDAQ:TENB) Trading Down 5.7% – What’s Next?

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price fell 5.7% during trading on Monday . The company traded as low as $35.71 and last traded at $36.1610. 527,741 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 3,247,836 shares. The stock had previously closed at $38.33.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Stephens raised their target price on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Susquehanna boosted their price target on shares of Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their price target on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Finally, Barclays lowered their price target on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.68.

Tenable Stock Down 6.4%

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 718.24 and a beta of 0.94. The firm’s 50-day simple moving average is $33.95 and its 200-day simple moving average is $25.64.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. 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 forecast that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Tenable by 231.4% during the first quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock worth $13,827,000 after buying an additional 570,760 shares in the last quarter. UBS Group AG raised its position in shares of Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after buying an additional 2,369,402 shares in the last quarter. Firetrail Investments PTY Ltd. bought a new stake in shares of Tenable during the 2nd quarter worth approximately $8,389,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Tenable by 175.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after acquiring an additional 2,375,587 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Tenable by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after acquiring an additional 465,039 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.