Tenable (NASDAQ:TENB) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Tenable (NASDAQ:TENB) in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $19.00 target price on the stock.

TENB has been the topic of several other reports. Wedbush reduced their target price on Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. DA Davidson decreased their price objective on shares of Tenable from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Canaccord Genuity Group set a $33.00 target price on shares of Tenable in a research report on Thursday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Tenable in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Tenable has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Tenable Trading Up 1.6%

NASDAQ:TENB opened at $19.96 on Tuesday. The firm has a market capitalization of $2.29 billion, a P/E ratio of -66.53 and a beta of 0.67. 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 company has a fifty day moving average of $21.99 and a 200 day moving average of $26.22. Tenable has a 52 week low of $17.27 and a 52 week high of $38.83.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. On average, research analysts predict that Tenable will post 0.12 earnings per share for the current year.

Insider Activity

In other news, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the transaction, the director owned 51,731 shares in the company, valued at approximately $1,112,216.50. This represents a 30.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

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

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.