Wells Fargo & Company Forecasts Strong Price Appreciation for Tenable (NASDAQ:TENB) Stock

Tenable (NASDAQ:TENB) had its price objective raised by equities researchers at Wells Fargo & Company from $35.00 to $38.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 0.27% from the company’s current price.

Several other research analysts also recently commented on the stock. TD Cowen boosted their price objective on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Weiss Ratings upgraded Tenable from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. UBS Group reduced their target price on Tenable from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price target on Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Truist Financial decreased their price target on Tenable from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.84.

Tenable Price Performance

Shares of NASDAQ:TENB traded down $0.22 during midday trading on Thursday, hitting $37.90. The stock had a trading volume of 415,506 shares, compared to its average volume of 3,482,743. The company’s 50-day moving average price is $36.18 and its 200-day moving average price is $30.29. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $43.67. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $4.17 billion, a P/E ratio of 768.21 and a beta of 1.01.

Tenable (NASDAQ:TENB) last issued its quarterly 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. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, equities research analysts predict that Tenable will post 0.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently added to or reduced their stakes in TENB. Krilogy Financial LLC lifted its stake in Tenable by 2.6% in the 3rd quarter. Krilogy Financial LLC now owns 12,521 shares of the company’s stock valued at $456,000 after purchasing an additional 317 shares during the last quarter. GAMMA Investing LLC boosted its position in Tenable by 30.2% in the third quarter. GAMMA Investing LLC now owns 3,285 shares of the company’s stock valued at $120,000 after buying an additional 761 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Tenable during the second quarter worth $214,000. Integrated Wealth Concepts LLC bought a new stake in shares of Tenable during the second quarter worth $197,000. Finally, Allworth Financial LP grew its stake in shares of Tenable by 25.6% during the second quarter. Allworth Financial LP now owns 2,838 shares of the company’s stock worth $105,000 after buying an additional 579 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

About Tenable

Tenable Holdings, Inc (NASDAQ: TENB) is a cybersecurity company focused on exposure management, helping organizations identify, assess and reduce security risks across their technology environments. Its platform is designed to provide visibility into vulnerabilities and other exposures affecting networks, cloud infrastructure, applications, identities and operational technology.

The company’s product portfolio includes Tenable One, an exposure management platform, and Nessus, a widely used vulnerability assessment solution.