Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Recommendation of “Hold” from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has been given an average rating of “Hold” by the twenty brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.50.

TENB has been the subject of a number of analyst reports. Wedbush cut their price target on Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a research note on Thursday, January 22nd. Piper Sandler cut their target price on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 target price on shares of Tenable in a report on Friday, January 30th. Finally, Stifel Nicolaus set a $24.00 price target on shares of Tenable in a research note on Thursday, February 5th.

Tenable Stock Up 3.1%

TENB stock opened at $17.06 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $20.66 and its 200-day simple moving average is $24.78. Tenable has a 12 month low of $15.85 and a 12 month high of $35.69. The firm has a market capitalization of $1.96 billion, a PE ratio of -56.86 and a beta of 0.67.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Equities analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of Tenable stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the purchase, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Summit Global Investments boosted its holdings in shares of Tenable by 5.1% during the third quarter. Summit Global Investments now owns 12,930 shares of the company’s stock worth $377,000 after purchasing an additional 632 shares during the last quarter. IVC Wealth Advisors LLC increased its stake in Tenable by 10.7% in the third quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock valued at $214,000 after purchasing an additional 711 shares during the last quarter. CI Investments Inc. increased its stake in Tenable by 40.2% in the third quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock valued at $73,000 after purchasing an additional 713 shares during the last quarter. Principal Financial Group Inc. lifted its position in Tenable by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,300 shares of the company’s stock worth $271,000 after buying an additional 799 shares during the period. Finally, Elo Mutual Pension Insurance Co lifted its position in Tenable by 5.2% during the second quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock worth $559,000 after buying an additional 814 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

About Tenable

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.