Tenable (NASDAQ:TENB) Downgraded to Hold Rating by Zacks Research

Tenable (NASDAQ:TENB) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also commented on TENB. Wedbush cut their price target on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Scotiabank cut their target price on Tenable from $31.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday, February 5th. Canaccord Genuity Group set a $33.00 price target on Tenable in a research note on Thursday, February 5th. TD Cowen lowered their price objective on Tenable from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a research note on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Tenable Stock Performance

Shares of Tenable stock opened at $20.39 on Tuesday. The company’s 50 day moving average price is $21.92 and its two-hundred day moving average price is $26.18. The firm has a market capitalization of $2.34 billion, a P/E ratio of -67.96 and a beta of 0.67. Tenable has a fifty-two week low of $17.27 and a fifty-two week high of $38.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The company had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s quarterly revenue 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. On average, equities analysts forecast that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The SEC filing for this sale provides additional information. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Tenable in the 3rd quarter valued at about $25,000. Elevation Point Wealth Partners LLC bought a new position in Tenable in the second quarter worth approximately $37,000. Kemnay Advisory Services Inc. acquired a new stake in Tenable in the fourth quarter valued at approximately $28,000. Signaturefd LLC increased its holdings in shares of Tenable by 312.9% during the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 948 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Tenable during the third quarter worth approximately $45,000. 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.