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

Tenable Holdings, Inc. (NASDAQ:TENB) has been given a consensus rating of “Hold” by the twenty brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $29.1579.

A number of research firms recently weighed in on TENB. Wells Fargo & Company lifted their price target on Tenable from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Zacks Research downgraded Tenable from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Jefferies Financial Group boosted their target price on shares of Tenable from $22.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Scotiabank lowered their price target on shares of Tenable from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 30th. Finally, Stifel Nicolaus increased their price target on shares of Tenable from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, May 22nd.

Tenable Trading Up 3.4%

NASDAQ TENB opened at $27.72 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $3.06 billion, a P/E ratio of -277.20 and a beta of 0.98. Tenable has a 52-week low of $15.73 and a 52-week high of $35.69. The firm has a 50-day moving average price of $22.69 and a 200 day moving average price of $22.38.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $262.06 million for the quarter, compared to analyst estimates of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities research analysts expect that Tenable will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $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 raised its holdings in Tenable by 5.6% during the first 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 during the last quarter. Jane Street Group LLC raised its holdings in Tenable by 83.6% during the first 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. Invesco Ltd. boosted its position in Tenable by 12.9% during the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after purchasing an additional 13,903 shares in the last quarter. Finally, Amundi boosted its position in Tenable by 52.0% during the second quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after purchasing an additional 30,256 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.