Tenable (NASDAQ:TENB) Stock Price Down 6.8% – Time to Sell?

Tenable Holdings, Inc. (NASDAQ:TENB) traded down 6.8% during mid-day trading on Tuesday . The stock traded as low as $18.98 and last traded at $18.8970. 397,953 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,668,459 shares. The stock had previously closed at $20.27.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a research report on Thursday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 target price on shares of Tenable in a research note on Friday, January 30th. Wells Fargo & Company assumed coverage on Tenable in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $19.00 price target for the company. DA Davidson lowered their price target on Tenable from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Finally, Morgan Stanley set a $30.00 price target on shares of Tenable in a report on Thursday, December 18th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Tenable presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Tenable Trading Up 2.9%

The firm has a market capitalization of $2.14 billion, a PE ratio of -62.10 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $20.96 and its 200 day simple moving average is $25.10.

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

Insider Activity

In other Tenable news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the purchase, the director owned 51,731 shares in the company, valued at $1,112,216.50. This represents a 30.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tenable

A number of large investors have recently bought and sold shares of TENB. Vanguard Group Inc. grew its stake in Tenable by 5.5% in the third quarter. Vanguard Group Inc. now owns 14,962,471 shares of the company’s stock worth $436,306,000 after purchasing an additional 778,699 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Tenable by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock worth $32,412,000 after buying an additional 316,390 shares during the period. Stephens Investment Management Group LLC grew its holdings in shares of Tenable by 12.2% during the third quarter. Stephens Investment Management Group LLC now owns 1,101,773 shares of the company’s stock valued at $32,128,000 after buying an additional 120,145 shares during the last quarter. Pacer Advisors Inc. raised its position in Tenable by 16,873.5% during the 3rd quarter. Pacer Advisors Inc. now owns 376,981 shares of the company’s stock worth $10,993,000 after buying an additional 374,760 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Tenable by 98.9% during the 3rd quarter. Barclays PLC now owns 1,675,871 shares of the company’s stock valued at $48,868,000 after buying an additional 833,125 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Company Profile

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.