Tenable (NASDAQ:TENB) Trading Up 7.9% – What’s Next?

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price rose 7.9% during mid-day trading on Monday . The company traded as high as $39.20 and last traded at $39.2440. 870,064 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 3,274,157 shares. The stock had previously closed at $36.38.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TENB shares. Jefferies Financial Group reduced their target price on Tenable from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. TD Cowen boosted their target price on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Wells Fargo & Company dropped their target price on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Wedbush restated an “outperform” rating and issued a $29.00 price target on shares of Tenable in a research report on Tuesday, May 26th. Finally, UBS Group decreased their price target on shares of Tenable from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.68.

Tenable Price Performance

The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The company has a 50-day simple moving average of $33.38 and a two-hundred day simple moving average of $25.31. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 756.95 and a beta of 0.94.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TENB. Quarry LP acquired a new position in shares of Tenable during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Tenable in the 4th quarter valued at approximately $28,000. Signaturefd LLC increased its position in Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 948 shares during the period. Quadrant Capital Group LLC bought a new stake in Tenable during the 4th quarter valued at $38,000. Finally, Horizon Investments LLC bought a new stake in Tenable during the 3rd quarter valued at $45,000. Institutional investors own 89.06% of the company’s stock.

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.