Canaccord Genuity Group Lowers Tenable (NASDAQ:TENB) Price Target to $28.00

Tenable (NASDAQ:TENB) had its price target cut by equities researchers at Canaccord Genuity Group from $33.00 to $28.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 31.89% from the stock’s current price.

Several other research firms have also recently commented on TENB. Wedbush decreased their price target on shares of Tenable from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research report on Tuesday, April 21st. Stifel Nicolaus set a $24.00 price objective on Tenable in a report on Thursday, February 5th. JPMorgan Chase & Co. decreased their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, Morgan Stanley set a $27.00 target price on Tenable in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.84.

Tenable Stock Performance

Tenable stock opened at $21.23 on Thursday. The stock has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $23.10. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. Tenable has a 12-month low of $15.73 and a 12-month high of $35.69. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -212.30 and a beta of 0.87.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.32%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, research analysts anticipate that Tenable will post 0.43 earnings per share for the current fiscal year.

Insider Activity at Tenable

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were bought at an average price of $21.50 per share, with a total value of $258,000.00. Following the purchase, the director directly owned 51,731 shares in the company, valued at $1,112,216.50. This trade represents a 30.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Tenable

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Tenable by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after buying an additional 465,039 shares during the period. Ameriprise Financial Inc. raised its position in shares of Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after acquiring an additional 713,291 shares during the period. First Trust Advisors LP raised its position in shares of Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after acquiring an additional 1,023,671 shares during the period. Shapiro Capital Management LLC boosted its stake in Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after acquiring an additional 1,010,230 shares during the last quarter. Finally, UBS Group AG boosted its stake in Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after acquiring an additional 2,369,402 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Trending Headlines about Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q1 results beat street estimates — Tenable reported stronger-than-expected Q1 EPS and revenue (EPS $0.47 vs. $0.41 consensus; revenue slightly above estimates), showing year-over-year revenue growth and validating near-term execution. Tenable Q1 beat
• Positive Sentiment: Product/strategy tailwinds — Management is rolling out Hexa AI and a flex-pricing model and provided a FY‑2026 revenue range ~ $1.068B–$1.078B, which could support higher recurring revenue and broaden addressable market if adoption accelerates. Hexa AI and guidance
• Positive Sentiment: Demand narrative — Coverage pieces highlight rising demand for exposure management amid AI-driven security shifts, reinforcing the growth thesis for Tenable’s platform. MSN deep dive
• Neutral Sentiment: Analyst mean target implies large upside but take with caution — The Zacks note points to a ~37.8% implied upside based on mean analyst targets; analyst targets can guide sentiment but are not guarantees. Analyst consensus target
• Neutral Sentiment: Firm maintained positive stance despite a large PT cut — Susquehanna cut its PT from $40 to $26 but kept a “positive” rating, signalling cautious optimism that still leaves room for stock volatility. Susquehanna PT note
• Negative Sentiment: Multiple analyst target cuts and downgrades — Canaccord lowered its PT to $28 (still a buy), Needham cut to $26 (buy), Wells Fargo moved to $20 (equal weight), and William Blair issued a downgrade; the cluster of cuts signals analyst concern about growth pacing and valuation. Canaccord / TickerReport
• Negative Sentiment: Notes of deceleration — Commentary and analysis (e.g., Seeking Alpha downgrade piece) point to worrying revenue or billings deceleration in some metrics, which could pressure sentiment if trends persist. Deceleration concerns
• Negative Sentiment: Market reaction inconsistency — Coverage noted that despite beats, the stock dropped after results in earlier sessions, showing investors are sensitive to margin/growth details and forward guidance cadence. Market reaction

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.