Tenable (NASDAQ:TENB – Get Free Report) had its price objective upped by equities researchers at Robert W. Baird from $41.00 to $50.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird‘s price target points to a potential upside of 12.13% from the company’s current price.
Other research analysts have also issued research reports about the company. Barclays reduced their target price on Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Piper Sandler lowered shares of Tenable from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $30.00 in a research report on Thursday, July 30th. UBS Group decreased their target price on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus increased their target price on shares of Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Finally, Scotiabank raised shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target for the company in a report on Monday, July 6th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tenable has a consensus rating of “Hold” and a consensus price target of $36.40.
Read Our Latest Stock Analysis on TENB
Tenable Stock Performance
NASDAQ:TENB opened at $44.59 on Monday. The company has a market cap of $4.91 billion, a P/E ratio of 891.98 and a beta of 1.01. The stock’s fifty day moving average price is $36.57 and its two-hundred day moving average price is $31.42. Tenable has a 1 year low of $15.73 and a 1 year high of $44.72. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79.
Tenable (NASDAQ:TENB – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $264.87 million. During the same period last year, the company earned $0.34 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that Tenable will post 0.50 EPS for the current year.
Hedge Funds Weigh In On Tenable
A number of hedge funds and other institutional investors have recently modified their holdings of TENB. Harbor Investment Advisory LLC bought a new position in shares of Tenable during the 2nd quarter valued at about $66,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Tenable in the second quarter worth approximately $81,000. Persistent Asset Partners Ltd purchased a new stake in Tenable in the second quarter worth approximately $88,000. GAMMA Investing LLC boosted its stake in shares of Tenable by 36.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock valued at $93,000 after purchasing an additional 671 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Tenable by 20.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company’s stock valued at $93,000 after purchasing an additional 437 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
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.
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