Tenable (NASDAQ:TENB) Rating Lowered to “Buy” at Wall Street Zen

Tenable (NASDAQ:TENB) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. Piper Sandler decreased their target price on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research report on Thursday, January 22nd. Truist Financial set a $27.00 price target on shares of Tenable in a report on Tuesday, January 20th. Wells Fargo & Company assumed coverage on Tenable in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $19.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Tenable in a research note on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.50.

Tenable Price Performance

TENB stock opened at $20.29 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $2.33 billion, a PE ratio of -67.63 and a beta of 0.67. Tenable has a twelve month low of $17.27 and a twelve month high of $37.90. The stock has a 50-day simple moving average of $21.50 and a two-hundred day simple moving average of $25.74.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, beating 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 firm 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 business posted $0.41 earnings per share. The company’s revenue 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 predict that Tenable will post 0.12 EPS for the current fiscal year.

Insider Activity at Tenable

In other news, Director A Brooke Seawell sold 115,000 shares of Tenable 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 can be accessed through this link. Also, Director Arthur W. Coviello, Jr. bought 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the transaction, the director directly owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This represents a 30.20% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

A number of large investors have recently added to or reduced their stakes in TENB. Quarry LP bought a new stake in Tenable during the third quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Tenable during the 2nd quarter valued at about $37,000. Kemnay Advisory Services Inc. purchased a new position in shares of Tenable during the 4th quarter valued at about $28,000. Signaturefd LLC raised its holdings in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 948 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Tenable in the 3rd quarter worth approximately $45,000. Hedge funds and other 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.