Tenable (NASDAQ:TENB) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Tenable (NASDAQ:TENB) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 25th. TD Cowen dropped their price objective on shares of Tenable from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Truist Financial set a $27.00 target price on shares of Tenable in a research note on Tuesday, January 20th. Morgan Stanley set a $30.00 target price on shares of Tenable in a report on Thursday, December 18th. Finally, UBS Group decreased their price target on shares of Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Tenable Stock Performance

TENB stock traded up $0.73 during trading hours on Tuesday, reaching $21.12. The stock had a trading volume of 1,647,326 shares, compared to its average volume of 2,706,933. The stock has a 50-day simple moving average of $21.92 and a 200 day simple moving average of $26.18. Tenable has a fifty-two week low of $17.27 and a fifty-two week high of $38.54. The stock has a market capitalization of $2.43 billion, a PE ratio of -70.40 and a beta of 0.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. Tenable’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Analysts predict that Tenable will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur W. Coviello, Jr. bought 12,000 shares of Tenable stock in a transaction dated Monday, February 9th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the acquisition, the director owned 51,731 shares in the company, valued at $1,112,216.50. This represents a 30.20% increase in their position. The SEC filing for this purchase provides additional information. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Tenable in the 3rd quarter valued at $25,000. Elevation Point Wealth Partners LLC acquired a new stake in Tenable in the second quarter valued at about $37,000. Kemnay Advisory Services Inc. bought a new position in Tenable in the fourth quarter valued at about $28,000. Signaturefd LLC raised its stake in Tenable by 312.9% during the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after acquiring an additional 948 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Tenable during the third quarter worth about $45,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Company Profile

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.