JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Tenable (NASDAQ:TENB) Stock

Tenable (NASDAQ:TENB) had its price objective boosted by analysts at JPMorgan Chase & Co. from $35.00 to $40.00 in a note issued to investors on Tuesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 19.51% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Tenable from $22.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Needham & Company LLC lifted their price objective on Tenable from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Robert W. Baird set a $34.00 target price on Tenable in a report on Thursday, April 30th. Morgan Stanley set a $27.00 price target on Tenable in a research note on Thursday, April 30th. Finally, Stifel Nicolaus increased their price objective on shares of Tenable from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Tenable has a consensus rating of “Hold” and a consensus price target of $29.42.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $33.47 on Tuesday. The company has a market capitalization of $3.69 billion, a PE ratio of -334.70 and a beta of 0.98. The business has a fifty day moving average price of $24.74 and a 200-day moving average price of $22.49. Tenable has a 1-year low of $15.73 and a 1-year high of $35.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The firm had revenue of $262.06 million for the quarter, compared to analysts’ expectations of $258.83 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. As a group, equities analysts expect that Tenable will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TENB. Vanguard Group Inc. boosted its position in shares of Tenable by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after acquiring an additional 465,039 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Tenable by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares in the last quarter. First Trust Advisors LP boosted its stake in Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after buying an additional 1,023,671 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after purchasing an additional 2,375,587 shares in the last quarter. Finally, Shapiro Capital Management LLC raised its position in shares of Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.