Tenable (NASDAQ:TENB) Upgraded at Wall Street Zen
by Scott Moore · The Cerbat GemWall Street Zen upgraded shares of Tenable (NASDAQ:TENB – Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday.
A number of other research analysts have also issued reports 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 research note on Thursday, February 5th. Piper Sandler cut their price target on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Barclays cut their price objective on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Tenable in a research note on Thursday, February 5th. Finally, Jefferies Financial Group cut their price objective on shares of Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.82.
Read Our Latest Stock Analysis on Tenable
Tenable Trading Up 5.0%
Shares of Tenable stock opened at $18.46 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. Tenable has a 12-month low of $15.85 and a 12-month high of $35.69. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -61.53 and a beta of 0.75. The firm’s 50 day simple moving average is $20.16 and its two-hundred day simple moving average is $24.35.
Tenable (NASDAQ:TENB – Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The business had revenue of $260.53 million for the quarter, compared to analyst estimates of $251.79 million. During the same quarter in the prior year, the business posted $0.41 EPS. Tenable’s revenue for the quarter 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. Analysts predict that Tenable will post 0.12 EPS for the current year.
Insider Transactions at Tenable
In other news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $21.50 per share, with a total value of $258,000.00. Following the completion of the acquisition, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Institutional Trading of Tenable
A number of hedge funds have recently added to or reduced their stakes in TENB. UBS Group AG boosted its holdings in Tenable by 327.6% during the fourth 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 in the last quarter. Norges Bank purchased a new stake in Tenable during the fourth quarter worth $44,542,000. First Trust Advisors LP lifted its holdings in Tenable by 31.8% during the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after purchasing an additional 1,023,671 shares in the last quarter. Shapiro Capital Management LLC lifted its holdings in Tenable by 38.8% during the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after purchasing an additional 1,010,230 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in Tenable by 101.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,824,949 shares of the company’s stock valued at $42,941,000 after purchasing an additional 919,047 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.
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.