Tenable (NASDAQ:TENB) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Tenable (NASDAQ:TENB) to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other research firms have also weighed in on TENB. Piper Sandler lowered their price objective on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Scotiabank reduced their price objective on Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. TD Cowen decreased their price objective on Tenable from $45.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Stifel Nicolaus set a $24.00 price target on shares of Tenable in a 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 issued a Sell rating to the company’s stock. According to MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Tenable Trading Up 2.2%

Shares of TENB opened at $20.39 on Monday. The firm has a market cap of $2.34 billion, a P/E ratio of -67.96 and a beta of 0.67. The company has a 50 day simple moving average of $21.92 and a two-hundred day simple moving average of $26.18. Tenable has a 1 year low of $17.27 and a 1 year high of $38.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.94.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data 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 positive return on equity of 0.20% and a negative net margin of 3.61%.The business had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. During the same period in the prior year, the firm earned $0.41 EPS. The company’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. On average, equities analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Tenable

In other news, Director A Brooke Seawell sold 115,000 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur W. Coviello, Jr. acquired 12,000 shares of Tenable stock in a transaction on Monday, February 9th. The stock was purchased at an average price of $21.50 per share, with a total value of $258,000.00. Following the purchase, the director owned 51,731 shares of the company’s stock, valued at $1,112,216.50. The trade was a 30.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Several hedge funds have recently modified their holdings of the stock. Summit Global Investments lifted its position in Tenable by 5.1% in the third 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 increased its position 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 valued at $214,000 after buying an additional 711 shares in the last quarter. CI Investments Inc. raised its stake in shares of Tenable by 40.2% during the 3rd 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. boosted its position in shares of 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 buying an additional 799 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Tenable by 5.2% in the second quarter. Elo Mutual Pension Insurance Co now owns 16,535 shares of the company’s stock valued at $559,000 after purchasing an additional 814 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

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.