Tenable (NASDAQ:TENB) Reaches New 52-Week High – Here’s Why

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) hit a new 52-week high on Friday. The stock traded as high as $43.81 and last traded at $43.8310, with a volume of 1,758,770 shares trading hands. The stock had previously closed at $42.00.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TENB shares. Piper Sandler lowered Tenable from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $30.00 in a report on Thursday, July 30th. Yorkville Ives began coverage on shares of Tenable in a research report on Tuesday, October 6th. They set an “outperform” rating and a $45.00 price objective for the company. Canaccord Genuity Group lifted their price objective on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Susquehanna lifted their price target on shares of Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.60.

Tenable Price Performance

The stock has a 50 day moving average of $36.44 and a two-hundred day moving average of $31.24. The stock has a market cap of $4.87 billion, a PE ratio of 886.24 and a beta of 1.01. 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 earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business’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 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. Equities analysts anticipate that Tenable Holdings, Inc. will post 0.50 EPS for the current year.

Institutional Trading of Tenable

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Tenable in the second quarter worth $498,387,000. Arrowstreet Capital Limited Partnership raised 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 buying an additional 2,375,587 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Tenable in the 2nd quarter worth about $76,759,000. Freestone Grove Partners LP purchased a new stake in Tenable in the 2nd quarter worth about $42,489,000. Finally, SEB Asset Management AB acquired a new stake in Tenable during the 1st quarter worth about $18,935,000. 89.06% of the stock is owned by institutional investors and hedge funds.

About Tenable

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.