Tenable (NASDAQ:TENB) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Tenable (NASDAQ:TENB) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Tenable in a research report on Thursday, February 5th. Wedbush reduced their target price on Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. UBS Group decreased their target price on Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Zacks Research cut Tenable from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research report on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of “Hold” and an average target price of $30.50.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $20.10 on Friday. The company has a 50 day moving average of $21.44 and a 200 day moving average of $25.61. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The stock has a market cap of $2.31 billion, a P/E ratio of -67.00 and a beta of 0.67. Tenable has a 12 month low of $17.27 and a 12 month high of $37.90.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The business had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. During the same period in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, sell-side analysts forecast that Tenable will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In related news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the transaction, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. The trade was a 30.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after purchasing an additional 12,868 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Tenable by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after buying an additional 17,349 shares during the last quarter. Jane Street Group LLC lifted its position in Tenable by 83.6% in the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after buying an additional 51,266 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Tenable by 18.5% in the second quarter. Envestnet Asset Management Inc. now owns 29,614 shares of the company’s stock worth $1,000,000 after buying an additional 4,628 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Tenable by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 853,978 shares of the company’s stock worth $28,847,000 after buying an additional 81,801 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

About Tenable

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.