Tenable Holdings, Inc. (NASDAQ:TENB) Receives $33.42 Consensus Price Target from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) have received an average recommendation of “Hold” from the twenty analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.6842.

A number of research firms have recently commented on TENB. Jefferies Financial Group cut their target price on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday. DA Davidson upped their price target on shares of Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. William Blair cut shares of Tenable from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Cantor Fitzgerald increased their price objective on shares of Tenable from $30.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, TD Cowen lifted their target price on shares of Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, July 13th.

Get Our Latest Research Report on TENB

Hedge Funds Weigh In On Tenable

Hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares during the last quarter. UBS Group AG boosted its position in shares of Tenable by 327.6% during the fourth 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 during the last quarter. Norges Bank purchased a new stake in shares of Tenable during the fourth quarter valued at $44,542,000. SEB Asset Management AB bought a new stake in Tenable in the 1st quarter worth about $18,935,000. Finally, First Trust Advisors LP increased its holdings in Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after buying an additional 1,023,671 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

More Tenable News

Here are the key news stories impacting Tenable this week:

  • Positive Sentiment: Tenable exceeded Q2 expectations, reporting adjusted EPS of $0.51 versus the $0.47 consensus and revenue of $268.51 million versus estimates of $264.87 million. Revenue increased 8.6% year over year. Tenable Tops Q2 Earnings and Revenue Estimates
  • Positive Sentiment: Management issued stronger-than-expected EPS guidance, forecasting Q3 EPS of $0.49–$0.52 versus the $0.42 consensus and full-year EPS of $1.95–$2.00 versus the $1.66 consensus. The outlook reflects momentum in Tenable One, artificial intelligence offerings and customer expansion. TENB Q2 Earnings Beat and Outlook Raised
  • Positive Sentiment: Needham raised its price target to $36 from $30 and Canaccord Genuity increased its target to $36 from $30; both firms maintained or initiated a “buy” view. Needham Raises Tenable Price Target
  • Neutral Sentiment: Wells Fargo lowered its target to $35 from $43 while retaining an “equal weight” rating, and Barclays and Truist reaffirmed “hold” ratings. Truist separately reduced its target to $30 from $40, signaling limited near-term conviction.
  • Negative Sentiment: Piper Sandler cut its rating on Tenable, adding to investor concerns that the improved outlook may already be reflected in the stock’s valuation. Piper Sandler Cuts Tenable Rating

Tenable Stock Performance

Shares of TENB opened at $32.64 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a market cap of $3.60 billion, a P/E ratio of 652.93 and a beta of 0.93. The business’s 50 day moving average price is $32.10 and its 200-day moving average price is $24.61. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67.

Tenable (NASDAQ:TENBGet Free Report) last posted its quarterly earnings data 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 company had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 13.58% and a net margin of 0.65%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $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. Equities research analysts anticipate that Tenable will post 0.5 earnings per share for the current fiscal year.

About Tenable

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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.

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Analyst Recommendations for Tenable (NASDAQ:TENB)

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