Tenable Target of Unusually High Options Trading (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) was the target of unusually large options trading on Friday. Stock investors acquired 7,777 call options on the stock. This represents an increase of 673% compared to the typical volume of 1,006 call options.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC boosted their price target on shares of Tenable from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Zacks Research downgraded shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Tenable from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, May 22nd. Finally, Stephens boosted their price objective on shares of Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.16.

Check Out Our Latest Analysis on Tenable

Tenable Stock Up 8.6%

Tenable stock traded up $2.36 during trading hours on Friday, reaching $29.80. The stock had a trading volume of 1,798,514 shares, compared to its average volume of 3,098,369. The company has a market cap of $3.29 billion, a price-to-earnings ratio of -297.73 and a beta of 0.99. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day moving average price is $24.22 and its 200-day moving average price is $22.42. Tenable has a 52 week low of $15.73 and a 52 week high of $35.69.

Tenable (NASDAQ:TENBGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The business had revenue of $262.06 million during the quarter, compared to analyst estimates of $258.83 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Sell-side analysts anticipate that Tenable will post 0.49 EPS for the current year.

Institutional Investors Weigh In On Tenable

Several institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in Tenable in the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Tenable during the 4th quarter valued at $28,000. Signaturefd LLC lifted its holdings in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Tenable in the 4th quarter worth $38,000. Finally, Horizon Investments LLC acquired a new stake in shares of Tenable in the 3rd quarter worth $45,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Tenable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenable and related companies with MarketBeat.com's FREE daily email newsletter.