Tenable (NASDAQ:TENB) Hits New 1-Year Low – What’s Next?

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $16.38 and last traded at $16.48, with a volume of 850356 shares changing hands. The stock had previously closed at $18.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Truist Financial set a $27.00 target price on Tenable in a report on Tuesday, January 20th. Morgan Stanley set a $30.00 target price on Tenable in a research report on Thursday, December 18th. Zacks Research downgraded Tenable from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company initiated coverage on Tenable in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $19.00 price target for the company. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.50.

Tenable Stock Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $1.92 billion, a P/E ratio of -55.75 and a beta of 0.67. The firm’s 50 day moving average is $20.87 and its 200 day moving average is $25.05.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The company had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. During the same period last year, the firm earned $0.41 earnings per share. Tenable’s revenue was up 10.5% compared to the same quarter last year. 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 anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling at Tenable

In other Tenable news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the stock in a transaction dated Monday, February 9th. The stock was purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the transaction, the director directly owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after acquiring an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Tenable by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after purchasing an additional 17,349 shares in the last quarter. Jane Street Group LLC grew its position in Tenable by 83.6% during the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after purchasing an additional 51,266 shares during the last quarter. Legal & General Group Plc increased its stake in Tenable by 6.5% during the 2nd quarter. Legal & General Group Plc now owns 508,379 shares of the company’s stock valued at $17,173,000 after purchasing an additional 31,200 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Tenable by 5.5% during the 2nd quarter. Rhumbline Advisers now owns 180,456 shares of the company’s stock valued at $6,096,000 after purchasing an additional 9,433 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.