Investors Buy High Volume of Call Options on Tenable (NASDAQ:TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) saw some unusual options trading activity on Monday. Traders bought 3,126 call options on the company. This represents an increase of 53% compared to the average volume of 2,037 call options.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. Sterling Capital Management LLC boosted its stake in Tenable by 804.5% in the 3rd quarter. Sterling Capital Management LLC now owns 3,654 shares of the company’s stock worth $133,000 after buying an additional 3,250 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in Tenable in the 3rd quarter valued at about $1,025,000. Pinnacle Associates Ltd. increased its stake in shares of Tenable by 7.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 539,174 shares of the company’s stock valued at $19,621,000 after acquiring an additional 38,664 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Tenable by 20.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company’s stock valued at $93,000 after acquiring an additional 437 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its stake in shares of Tenable by 42.4% during the 3rd quarter. CWA Asset Management Group LLC now owns 75,943 shares of the company’s stock valued at $2,764,000 after acquiring an additional 22,604 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Ratings Changes

TENB has been the subject of a number of research reports. Weiss Ratings raised shares of Tenable from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wells Fargo & Company raised their price target on Tenable from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Piper Sandler cut Tenable from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $30.00 in a research report on Thursday, July 30th. Jefferies Financial Group reduced their price objective on Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Finally, Canaccord Genuity Group upped their price objective on Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Tenable currently has an average rating of “Hold” and a consensus price target of $36.40.

Tenable Price Performance

Shares of NASDAQ TENB traded up $2.35 during trading on Monday, hitting $46.94. 1,702,659 shares of the company were exchanged, compared to its average volume of 3,520,787. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. Tenable has a 1 year low of $15.73 and a 1 year high of $47.66. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 937.55 and a beta of 1.01. The firm’s fifty day moving average price is $36.57 and its 200 day moving average price is $31.42.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $268.51 million during the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%. Tenable’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, sell-side analysts expect that Tenable will post 0.50 earnings per share for the current fiscal year.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.