Tenable Holdings, Inc. (NASDAQ:TENB) Receives Average Rating of “Hold” from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have earned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $30.8947.

TENB has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Tenable from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Jefferies Financial Group lifted their target price on shares of Tenable from $22.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. Canaccord Genuity Group upped their price target on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Barclays lifted their price objective on Tenable from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Finally, Scotiabank raised Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a report on Monday, July 6th.

Tenable Price Performance

Shares of NASDAQ:TENB traded down $1.59 during trading on Friday, reaching $39.78. 2,261,448 shares of the company’s stock traded hands, compared to its average volume of 3,212,106. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $42.94. The company has a 50-day simple moving average of $28.20 and a 200-day simple moving average of $23.39. The firm has a market cap of $4.39 billion, a PE ratio of -397.80 and a beta of 0.93.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $262.06 million during the quarter, compared to analysts’ expectations of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.Tenable’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. 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, analysts predict that Tenable will post 0.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TENB. Quarry LP purchased a new stake in shares of Tenable during the third quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Tenable in the fourth quarter worth about $28,000. Signaturefd LLC lifted its stake in Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after purchasing an additional 948 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $38,000. Finally, Horizon Investments LLC acquired a new stake in shares of Tenable in the third quarter valued at approximately $45,000. Hedge funds and other 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.