Shares of Tenable Holdings, Inc. (NASDAQ:TENB – Get Free Report) were up 5.9% on Monday after Robert W. Baird raised their price target on the stock from $41.00 to $50.00. Robert W. Baird currently has an outperform rating on the stock. Tenable traded as high as $47.15 and last traded at $47.2350. 917,044 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 3,515,772 shares. The stock had previously closed at $44.59.
Other equities analysts also recently issued research reports about the company. Truist Financial raised their target price on Tenable from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, October 20th. 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. Stifel Nicolaus increased their price objective on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Wells Fargo & Company upped their target price on shares of Tenable from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Finally, Piper Sandler cut shares of Tenable from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $30.00 in a research report on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable currently has a consensus rating of “Hold” and an average price target of $36.40.
Get Our Latest Stock Report on Tenable
Institutional Investors Weigh In On Tenable
A number of institutional investors and hedge funds have recently made changes to their positions in TENB. BlackRock Inc. bought a new stake in shares of Tenable in the 2nd quarter valued at about $498,387,000. Arrowstreet Capital Limited Partnership boosted its stake 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 last quarter. The Manufacturers Life Insurance Company acquired a new position in Tenable during the second quarter valued at approximately $76,759,000. Freestone Grove Partners LP acquired a new position in Tenable during the second quarter valued at approximately $42,489,000. Finally, SEB Asset Management AB acquired a new position in Tenable during the first quarter valued at approximately $18,935,000. Institutional investors own 89.06% of the company’s stock.
Tenable Price Performance
The company’s 50 day simple moving average is $36.57 and its 200 day simple moving average is $31.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $5.20 billion, a P/E ratio of 946.91 and a beta of 1.01.
Tenable (NASDAQ:TENB – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. During the same period last year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. 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 forecast that Tenable Holdings, Inc. will post 0.50 earnings per share for the current year.
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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