Tenable (NASDAQ:TENB) Shares Gap Down – Time to Sell?

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $38.09, but opened at $36.86. Tenable shares last traded at $36.9380, with a volume of 1,615,520 shares.

Analysts Set New Price Targets

Several analysts recently weighed in on TENB shares. Truist Financial decreased their target price on Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Susquehanna lifted their price target on Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. DA Davidson increased their price objective on Tenable from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.68.

Tenable Price Performance

The stock’s 50-day moving average price is $35.71 and its 200 day moving average price is $27.74. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 734.25 and a beta of 0.96. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. During the same period last year, the business earned $0.34 earnings per share. The firm’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. Equities research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Institutional Trading of Tenable

A number of institutional investors and hedge funds have recently modified their holdings of TENB. Harbor Investment Advisory LLC acquired a new position in shares of Tenable in the second quarter valued at $66,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Tenable during the second quarter worth $81,000. Persistent Asset Partners Ltd acquired a new stake in Tenable during the second quarter worth $88,000. GAMMA Investing LLC boosted its stake in Tenable by 36.2% during the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $93,000 after buying an additional 671 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in Tenable in the 2nd quarter valued at $105,000. 89.06% of the stock is currently owned by institutional investors.

About Tenable

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company’s product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.