Tenable (NASDAQ:TENB) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Tenable (NASDAQ:TENB) from a strong-buy rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

TENB has been the subject of several other research reports. UBS Group lowered their price objective on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Truist Financial reduced their target price on shares of Tenable from $40.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Canaccord Genuity Group raised their price target 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. Weiss Ratings upgraded shares of Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.68.

Tenable Trading Down 1.7%

Shares of NASDAQ TENB opened at $35.43 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $3.90 billion, a PE ratio of 708.74 and a beta of 0.96. Tenable has a twelve month low of $15.73 and a twelve month high of $43.67. The stock has a fifty day simple moving average of $35.45 and a 200-day simple moving average of $28.03.

Tenable (NASDAQ:TENB) last posted its earnings results 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. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same quarter in the prior year, the company earned $0.34 EPS. Tenable’s revenue was up 8.6% on a year-over-year basis. 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 analysts forecast that Tenable will post 0.5 earnings per share for the current year.

Institutional Trading of Tenable

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Tenable during the 2nd quarter worth about $498,387,000. The Manufacturers Life Insurance Company purchased a new position in shares of Tenable in the 2nd quarter valued at about $76,759,000. Arrowstreet Capital Limited Partnership raised 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. Norges Bank acquired a new stake in shares of Tenable during the 4th quarter worth about $44,542,000. Finally, Freestone Grove Partners LP purchased a new stake in Tenable during the second quarter worth approximately $42,489,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

About Tenable

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company’s product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.