Tenable (NASDAQ:TENB) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Tenable (NASDAQ:TENB) had its price target hoisted by stock analysts at Needham & Company LLC from $36.00 to $55.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s price target suggests a potential upside of 12.89% from the company’s previous close.

Several other brokerages have also recently commented on TENB. Stifel Nicolaus set a $48.00 target price on Tenable in a report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and set a $45.00 target price on shares of Tenable in a research note on Monday. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Robert W. Baird boosted their price objective on Tenable from $41.00 to $50.00 and gave the company an “outperform” rating in a report on Monday. Finally, Truist Financial set a $45.00 target price on Tenable in a report on Thursday. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.50.

Tenable Price Performance

Tenable stock opened at $48.72 on Thursday. The stock has a 50-day moving average price of $37.36 and a two-hundred day moving average price of $28.49. Tenable has a 12 month low of $15.73 and a 12 month high of $50.21. The company has a market capitalization of $5.37 billion, a PE ratio of 974.59 and a beta of 1.01. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The company had revenue of $276.39 million during the quarter, compared to the consensus estimate of $271.58 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Tenable will post 0.50 EPS for the current year.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently modified their holdings of TENB. BlackRock Inc. bought a new stake in Tenable during the second quarter worth $498,387,000. Arrowstreet Capital Limited Partnership raised its position in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after buying an additional 2,375,587 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Tenable during the 2nd quarter valued at $76,759,000. Renaissance Technologies LLC lifted its stake in Tenable by 140.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,260,100 shares of the company’s stock valued at $21,315,000 after acquiring an additional 736,800 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Tenable during the 2nd quarter worth $42,489,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Tenable reported third-quarter revenue of $276.4 million, up 9.5% year over year and above the $271.6 million analyst consensus. Adjusted earnings were $0.63 per share, beating expectations of $0.51 and rising from $0.42 a year earlier. Tenable Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Profitability and cash generation improved: GAAP operating margin was 6.0%, while non-GAAP operating margin reached 27.1%, an increase of 380 basis points. Operating cash flow was $72.5 million and unlevered free cash flow was $69.4 million. Tenable also raised its full-year outlook. Tenable Third-Quarter Earnings Results
• Positive Sentiment: Analyst support strengthened before the earnings release, including a continued Buy rating from Cantor Fitzgerald and a positive outlook from Robert W. Baird. Unusually heavy call-option activity and a reported analyst upgrade also contributed to bullish sentiment. Cantor Fitzgerald Buy Rating
• Positive Sentiment: Tenable announced that Atos selected its platform to power a continuous threat exposure management service, supporting the company’s enterprise growth strategy and cybersecurity demand outlook. Tenable Selected by Atos
• Neutral Sentiment: The earnings call and detailed metrics provide additional information for investors to assess whether Tenable can sustain its growth and margin gains. However, the company’s reported GAAP net margin remained low at 0.65%, and the stock’s elevated valuation leaves it sensitive to any slowdown or weaker forward guidance. Tenable Q3 Earnings Call Transcript

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.