TD Cowen Has Lowered Expectations for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its price target decreased by analysts at TD Cowen from $45.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 78.99% from the stock’s previous close.

TENB has been the topic of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Tenable in a research report on Thursday. Scotiabank cut their price objective on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Wedbush decreased their price objective on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays dropped their target price on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Finally, DA Davidson decreased their price target on shares of Tenable from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.94.

Tenable Trading Up 7.4%

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

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, sell-side analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Tenable

In related news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tenable

Institutional investors have recently modified their holdings of the stock. Summit Global Investments boosted its stake in shares of Tenable by 5.1% in the third quarter. Summit Global Investments now owns 12,930 shares of the company’s stock worth $377,000 after buying an additional 632 shares during the last quarter. IVC Wealth Advisors LLC raised its position in Tenable by 10.7% during the third quarter. IVC Wealth Advisors LLC now owns 7,344 shares of the company’s stock valued at $214,000 after acquiring an additional 711 shares in the last quarter. CI Investments Inc. lifted its holdings in Tenable by 40.2% in the third quarter. CI Investments Inc. now owns 2,487 shares of the company’s stock valued at $73,000 after acquiring an additional 713 shares during the period. Principal Financial Group Inc. boosted its position in Tenable by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,300 shares of the company’s stock worth $271,000 after purchasing an additional 799 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its stake in shares of Tenable by 5.2% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock worth $559,000 after purchasing an additional 814 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable News Summary

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

Tenable Company Profile

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.