Tenable Holdings, Inc. (NASDAQ:TENB) Receives $34.68 Average Target Price from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) have received a consensus rating of “Hold” from the twenty ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $34.6842.

A number of research firms have issued reports on TENB. DA Davidson raised their target price on Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Scotiabank raised Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target on the stock in a research report on Monday, July 6th. Canaccord Genuity Group upped their price target on 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 Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company decreased their price objective on Tenable from $43.00 to $35.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th.

View Our Latest Research Report on Tenable

Hedge Funds Weigh In On Tenable

Large investors have recently modified their holdings of the business. Firetrail Investments PTY Ltd. purchased a new stake in shares of Tenable in the second quarter worth about $8,389,000. Dimensional Fund Advisors LP grew its stake in Tenable by 231.4% during the first quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after acquiring an additional 570,760 shares in the last quarter. UBS Group AG grew its stake in 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 acquiring an additional 2,369,402 shares in the last quarter. BlackRock Inc. bought a new stake in Tenable during the 2nd quarter worth approximately $498,387,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in 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 during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Up 0.1%

TENB opened at $37.67 on Friday. Tenable has a twelve month low of $15.73 and a twelve month high of $43.67. The company’s 50-day moving average price is $35.57 and its two-hundred day moving average price is $26.58. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 753.55 and a beta of 0.94. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENBGet Free Report) last issued its quarterly 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. The company had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. Tenable’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $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. As a group, equities analysts expect that Tenable will post 0.5 earnings per share for the current year.

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.

Further Reading

Analyst Recommendations for Tenable (NASDAQ:TENB)

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