Tenable (NASDAQ:TENB – Free Report) had its price target upped by Robert W. Baird from $41.00 to $50.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. Robert W. Baird currently has an outperform rating on the stock.
Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group boosted their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. TD Cowen raised their target price on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Truist Financial boosted their price target on Tenable from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, October 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $45.00 price target on shares of Tenable in a research note on Monday. Finally, Barclays cut their price objective on Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable currently has a consensus rating of “Hold” and a consensus price target of $36.40.
Check Out Our Latest Stock Report on Tenable
Tenable Stock Up 0.1%
Tenable (NASDAQ:TENB – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $276.39 million during the quarter, compared to analysts’ expectations of $271.58 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. Analysts anticipate that Tenable will post 0.50 EPS for the current year.
Institutional Trading of Tenable
Several large investors have recently made changes to their positions in TENB. Firetrail Investments PTY Ltd. acquired a new stake in Tenable during the 2nd quarter worth about $8,389,000. Bank of America Corp DE purchased a new position in shares of Tenable during the 2nd quarter valued at about $30,884,000. Dimensional Fund Advisors LP raised its stake in shares of Tenable by 231.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after buying an additional 570,760 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Tenable in the 2nd quarter valued at about $6,357,000. Finally, BlackRock Inc. acquired a new position in shares of Tenable in the 2nd quarter valued at about $498,387,000. 89.06% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Tenable
Here are the key news stories impacting Tenable this week:
- Positive Sentiment: Raised full-year outlook supports the bull case. Tenable reported third-quarter revenue of $276.4 million, up 9.5% year over year, with a 27.1% non-GAAP operating margin, up 380 basis points. Operating cash flow reached $72.5 million and unlevered free cash flow was $69.4 million. The company also raised its full-year outlook. Tenable Announces Third Quarter 2026 Financial Results
- Positive Sentiment: Analyst support and options activity added momentum. Cantor Fitzgerald maintained its Buy rating, while a Robert W. Baird analyst reportedly indicated that Tenable’s stock could rise. Unusually high call-option buying and a prior analyst upgrade may have further encouraged bullish positioning. Cantor Fitzgerald Rating Robert W. Baird Analyst Commentary
- Positive Sentiment: New Atos partnership expands enterprise reach. Atos selected Tenable to power its continuous threat exposure management service and named Tenable a preferred partner, potentially improving the company’s access to large corporate and government customers. Tenable Selected by Atos
- Neutral Sentiment: Valuation leaves little room for disappointment. Tenable’s shares have risen substantially over the past year and trade at a very elevated earnings multiple, making future guidance and execution particularly important for investors.
- Negative Sentiment: Reported EPS missed expectations. Tenable posted quarterly EPS of $0.18, below the $0.51 consensus estimate. The earnings shortfall could limit the positive reaction to otherwise strong revenue, margin, cash-flow and guidance metrics. Tenable Earnings Report
About Tenable
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.
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