Tenable (NASDAQ:TENB – Free Report) had its price target lifted by Stephens from $34.00 to $48.00 in a research note published on Thursday, MarketBeat reports. The firm currently has an equal weight rating on the stock.
A number of other equities research analysts also recently commented on TENB. Scotiabank upgraded shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price objective for the company in a research report on Monday, July 6th. Yorkville Ives began coverage on Tenable in a research report on Tuesday, October 6th. They set an “outperform” rating and a $45.00 target price on the stock. Cantor Fitzgerald boosted their target price on Tenable from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen increased their target price on Tenable from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on Tenable from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.25.
Get Our Latest Stock Report on TENB
Tenable Stock Down 2.0%
Shares of NASDAQ:TENB opened at $50.75 on Thursday. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 390.41 and a beta of 1.01. The firm’s 50-day simple moving average is $38.02 and its 200-day simple moving average is $28.77. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 1.78. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $53.22.
Tenable (NASDAQ:TENB – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The business had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Tenable will post 0.58 earnings per share for the current year.
Institutional Investors Weigh In On Tenable
A number of large investors have recently bought and sold shares of TENB. BlackRock Inc. purchased a new position in Tenable during the second quarter worth $498,387,000. Arrowstreet Capital Limited Partnership lifted its position 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 valued at $63,131,000 after acquiring an additional 2,375,587 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Tenable in the second quarter valued at $76,759,000. Renaissance Technologies LLC lifted its position in shares of Tenable by 140.8% in the first quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock valued at $21,315,000 after acquiring an additional 736,800 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Tenable during the second quarter valued at $42,489,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
Tenable News Summary
Here are the key news stories impacting Tenable this week:
- Positive Sentiment: Tenable reported third-quarter EPS of $0.63, above the $0.51 consensus estimate, while revenue of $276.4 million also exceeded expectations and increased 9.5% year over year. Tenable Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: The company raised fourth-quarter guidance to EPS of $0.56–$0.58 and revenue of $277 million–$280 million, ahead of consensus estimates of $0.42 and $276.5 million, respectively. Full-year 2026 EPS guidance was raised to $2.16–$2.19 versus the $1.69 consensus, providing the strongest near-term catalyst. Tenable Raises 2026 Earnings Guidance
- Positive Sentiment: Needham and Susquehanna raised their price targets to $55 and maintained positive or buy-equivalent ratings. Canaccord also increased its target to $54 and assigned a buy rating, reflecting optimism about earnings momentum and Tenable One adoption. Tenable Guidance Announcement
- Neutral Sentiment: Analysts continue to lift targets following the earnings report, but Stephens reaffirmed a hold rating and Wells Fargo maintained equal weight. Their targets of $48 and $45 remain below the recent trading level, signaling more cautious views despite the upward revisions. Stephens Reaffirms Hold Rating
- Negative Sentiment: Wedbush warned that vendor bundling and potential cybersecurity-industry consolidation could pressure Tenable’s competitive position. Commentary also notes that the stock has already experienced a substantial rally, increasing valuation and profit-taking concerns. Tenable Faces Consolidation Risk
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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