Tenable (NASDAQ:TENB) Shares Gap Up – Here’s Why

Tenable Holdings, Inc. (NASDAQ:TENB) shares gapped up before the market opened on Thursday . The stock had previously closed at $33.66, but opened at $36.35. Tenable shares last traded at $37.3150, with a volume of 1,112,937 shares changing hands.

Analysts Set New Price Targets

TENB has been the subject of a number of research reports. Morgan Stanley set a $27.00 price objective on Tenable in a research report on Thursday, April 30th. Canaccord Genuity Group upped their target price on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group reduced their target price on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Needham & Company LLC lifted their price target on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, DA Davidson increased their price objective on shares of Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.68.

Tenable Price Performance

The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 736.91 and a beta of 0.94. The company has a 50-day moving average price of $35.14 and a 200-day moving average price of $26.38. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million for 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 14.90%. Tenable’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $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. On average, equities research analysts expect that Tenable Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Tenable by 36.2% during the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $93,000 after buying an additional 671 shares in the last quarter. Fulton Bank N.A. lifted its stake in Tenable by 7.0% during the first quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock worth $197,000 after purchasing an additional 758 shares during the last quarter. Quarry LP bought a new stake in Tenable during the third quarter worth $25,000. Cerity Partners LLC boosted its holdings in shares of Tenable by 10.8% in the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company’s stock valued at $233,000 after purchasing an additional 965 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Tenable by 4.7% in the 4th quarter. ProShare Advisors LLC now owns 22,208 shares of the company’s stock valued at $523,000 after purchasing an additional 997 shares in the last quarter. 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.