DA Davidson Lowers Tenable (NASDAQ:TENB) Price Target to $24.00

Tenable (NASDAQ:TENB) had its price target lowered by analysts at DA Davidson from $25.00 to $24.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s target price suggests a potential upside of 13.05% from the company’s previous close.

Other analysts have also issued research reports about the stock. Zacks Research upgraded shares of Tenable from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Morgan Stanley set a $30.00 price target on Tenable in a research note on Thursday, December 18th. Stifel Nicolaus set a $24.00 price objective on Tenable in a research report on Thursday. Canaccord Genuity Group set a $33.00 target price on Tenable in a research report on Thursday. Finally, Scotiabank decreased their price target on Tenable from $31.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and a consensus price target of $31.94.

Tenable Trading Up 7.4%

Tenable stock opened at $21.23 on Thursday. The stock has a 50-day moving average price of $23.69 and a 200 day moving average price of $27.51. Tenable has a 52 week low of $19.15 and a 52 week high of $41.00. The stock has a market cap of $2.53 billion, a PE ratio of -70.76 and a beta of 0.63. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03.

Tenable (NASDAQ:TENB) last released its 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. The company had revenue of $260.53 million for the quarter, compared to analyst estimates of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Equities research analysts predict that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after purchasing an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after buying an additional 17,349 shares in the last quarter. Jane Street Group LLC grew its stake in Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after buying an additional 51,266 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Tenable in the second quarter worth $283,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Tenable by 62.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,453 shares of the company’s stock valued at $590,000 after acquiring an additional 6,689 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q4 results beat and upbeat guidance — Tenable reported Q4 revenue and EPS above estimates and issued FY26 and Q1 guidance well ahead of street expectations, which underpins the rally and signals better near-term profitability. Tenable Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: AI/security platform momentum — Management cited AI-driven demand and Tenable One platform wins (record new enterprise platform customers), supporting the view of recurring revenue strength and platform consolidation upside. TENB Q4 Deep Dive: AI Security Demand, Platform Consolidation Drive Momentum
• Positive Sentiment: Analyst support remains — Several firms reaffirm or maintain constructive ratings (Needham reaffirmed buy with $28 PT; JPMorgan, TD Cowen and Wedbush still have overweight/buy/outperform ratings despite trimming targets), providing a supportive analyst backdrop. Benzinga analyst notes
• Neutral Sentiment: Price-target cuts but still upside — Multiple shops trimmed targets (Wedbush $42→$32; TD Cowen $45→$38; JPMorgan $40→$35) but these levels still imply substantial upside from current prices, indicating lowered enthusiasm on valuation while preserving positive thesis for growth. Benzinga — PT changes TickerReport on TD Cowen
• Negative Sentiment: DA Davidson lowers to neutral — DA Davidson cut its target and moved to a “neutral” rating, which is a downgrade in sentiment and could cap near-term upside if other shops follow. Benzinga — DA Davidson note
• Neutral Sentiment: Value/longer-term bull case highlighted — Independent write-ups argue the stock looks attractively valued on FY26 multiples given recurring revenue and margin improvement, which may attract fundamental investors even if some analysts trim targets. Seeking Alpha — Deep value thesis

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.