Stephens Issues Positive Forecast for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its target price lifted by investment analysts at Stephens from $24.00 to $29.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price target indicates a potential upside of 13.73% from the stock’s current price.

A number of other research firms have also weighed in on TENB. William Blair cut Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Morgan Stanley set a $27.00 price target on Tenable in a research report on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 price target on shares of Tenable in a report on Friday, January 30th. UBS Group cut their price objective on shares of Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group boosted their price objective on shares of Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Nine 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.05.

Tenable Price Performance

Shares of NASDAQ TENB opened at $25.50 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a fifty day simple moving average of $20.05 and a two-hundred day simple moving average of $22.30. Tenable has a 1-year low of $15.73 and a 1-year high of $35.69. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -255.00 and a beta of 0.87.

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

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TENB. Arrowstreet Capital Limited Partnership grew its stake in shares of Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after purchasing an additional 2,375,587 shares during the last quarter. UBS Group AG raised its position in Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares during the last quarter. Norges Bank purchased a new stake in Tenable in the 4th quarter worth approximately $44,542,000. SEB Asset Management AB bought a new stake in shares of Tenable in the 1st quarter worth approximately $18,935,000. Finally, First Trust Advisors LP grew its position in shares of Tenable by 31.8% in the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after buying an additional 1,023,671 shares during the last quarter. 89.06% of the stock is currently owned by 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.