Tenable (NASDAQ:TENB) Stock Bumped Up to Strong-Buy by Wall Street Zen

Wall Street Zen upgraded shares of Tenable (NASDAQ:TENB) from a buy rating to a strong-buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other equities research analysts also recently issued reports on the stock. Truist Financial lowered their price objective on shares of Tenable from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Susquehanna raised their price target on shares of Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. Canaccord Genuity Group upped their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC lifted their price objective on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Wedbush downgraded shares of Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 price objective for the company. in a report on Thursday, September 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.84.

Tenable Trading Down 5.4%

Tenable stock opened at $37.20 on Friday. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $4.10 billion, a PE ratio of 744.15 and a beta of 1.01. The business’s 50-day simple moving average is $36.26 and its 200-day simple moving average is $30.50.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Equities research analysts forecast that Tenable will post 0.50 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Tenable by 217.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock worth $60,000 after purchasing an additional 2,432 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Tenable in the second quarter valued at about $66,000. Northwestern Mutual Wealth Management Co. acquired a new position in Tenable in the second quarter valued at about $81,000. KBC Group NV boosted its position in Tenable by 42.1% in the first quarter. KBC Group NV now owns 4,897 shares of the company’s stock valued at $83,000 after buying an additional 1,451 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new position in Tenable in the second quarter valued at about $88,000. 89.06% of the stock is owned by institutional investors.

Tenable Company Profile

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.