Tenable (NASDAQ:TENB) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Tenable (NASDAQ:TENB) had its price target increased by stock analysts at Cantor Fitzgerald from $30.00 to $45.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 42.31% from the company’s previous close.

A number of other research analysts have also recently weighed in on TENB. Susquehanna dropped their price objective on shares of Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Wedbush reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Tenable in a research note on Tuesday, May 26th. Scotiabank raised Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target for the company in a research report on Monday, July 6th. Canaccord Genuity Group raised their price target on Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.42.

Tenable Price Performance

Shares of NASDAQ TENB opened at $31.62 on Friday. 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 company’s 50-day moving average price is $31.16 and its 200 day moving average price is $24.25. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -316.20 and a beta of 0.93.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 company had revenue of $262.06 million during the quarter, compared to analysts’ expectations of $258.83 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. 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, research analysts forecast that Tenable will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. SG Americas Securities LLC purchased a new stake in shares of Tenable during the 4th quarter valued at $2,180,000. UBS Group AG raised its position in shares of Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after buying an additional 2,369,402 shares during the period. Vanguard Group Inc. boosted its holdings in Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares during the last quarter. NewEdge Wealth LLC acquired a new position in Tenable in the fourth quarter valued at $754,000. Finally, Hsbc Holdings PLC grew its position in Tenable by 19.0% during the fourth quarter. Hsbc Holdings PLC now owns 173,914 shares of the company’s stock valued at $4,109,000 after acquiring an additional 27,825 shares during the period. 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.