Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $34.68

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned an average rating of “Hold” from the twenty brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.6842.

Several analysts have recently weighed in on TENB shares. Stephens raised their target price on Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price target on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Needham & Company LLC increased their price target on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Susquehanna raised their price objective on Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Finally, Barclays lowered their price objective on Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC bought a new position in Tenable in the second quarter worth about $214,000. Integrated Wealth Concepts LLC bought a new stake in shares of Tenable in the 2nd quarter worth approximately $197,000. Allworth Financial LP lifted its holdings in shares of Tenable by 25.6% in the 2nd quarter. Allworth Financial LP now owns 2,838 shares of the company’s stock worth $105,000 after purchasing an additional 579 shares during the last quarter. Nykredit A S acquired a new position in Tenable during the 2nd quarter valued at approximately $198,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tenable during the 2nd quarter valued at approximately $3,582,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Price Performance

TENB stock opened at $36.20 on Thursday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 724.14 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 has a 52-week low of $15.73 and a 52-week high of $43.67. The stock’s fifty day simple moving average is $35.39 and its 200-day simple moving average is $28.20.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping 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 business had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s revenue was up 8.6% on a year-over-year basis. 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 expect that Tenable will post 0.5 EPS for the current year.

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.