Tenable (NASDAQ:TENB) Cut to Hold at Zacks Research

Zacks Research lowered shares of Tenable (NASDAQ:TENB) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

TENB has been the subject of several other reports. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 price target on shares of Tenable in a report on Friday, January 30th. Scotiabank reduced their price objective on shares of Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. UBS Group dropped their target price on shares of Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Stifel Nicolaus set a $24.00 price target on shares of Tenable in a research report on Thursday, February 5th. Finally, Truist Financial set a $27.00 price objective on Tenable in a research report on Tuesday, January 20th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.50.

Tenable Stock Up 3.9%

Shares of Tenable stock opened at $21.18 on Tuesday. Tenable has a 1 year low of $17.27 and a 1 year high of $38.54. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -70.60 and a beta of 0.67. The company has a 50-day moving average of $21.86 and a 200 day moving average of $26.15. 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 announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping 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 analysts’ expectations of $251.79 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business’s revenue 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. As a group, sell-side analysts anticipate 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 firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average cost of $21.50 per share, with a total value of $258,000.00. Following the acquisition, the director directly owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its stake in Tenable by 327.6% in the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after purchasing an additional 2,369,402 shares in the last quarter. Norges Bank bought a new stake in shares of Tenable in the fourth quarter worth about $44,542,000. First Trust Advisors LP lifted its position in shares of Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after buying an additional 1,023,671 shares in the last quarter. Shapiro Capital Management LLC boosted its stake 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 buying an additional 1,010,230 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Tenable by 101.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,824,949 shares of the company’s stock valued at $42,941,000 after buying an additional 919,047 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

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.