Tenable (NASDAQ:TENB) Reaches New 1-Year Low – Here’s Why

Tenable Holdings, Inc. (NASDAQ:TENB) shares hit a new 52-week low on Friday . The stock traded as low as $16.38 and last traded at $16.48, with a volume of 850356 shares changing hands. The stock had previously closed at $18.29.

Analyst Ratings Changes

A number of research firms have issued reports on TENB. Truist Financial set a $27.00 price objective on shares of Tenable in a research report on Tuesday, January 20th. Wall Street Zen cut Tenable from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Jefferies Financial Group reduced their price target on Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, February 2nd. Morgan Stanley set a $30.00 price target on Tenable in a research report on Thursday, December 18th. Finally, TD Cowen dropped 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. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.50.

Tenable Stock Performance

The company’s 50-day moving average price is $20.76 and its 200 day moving average price is $24.91. The stock has a market capitalization of $1.90 billion, a PE ratio of -55.13 and a beta of 0.67. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 0.95.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. Tenable’s quarterly 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 research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Tenable

In other news, Director Arthur W. Coviello, Jr. bought 12,000 shares of Tenable stock in a transaction on Monday, February 9th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the acquisition, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. The trade was a 30.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG boosted its position in shares of Tenable by 327.6% during the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after purchasing an additional 2,369,402 shares in the last quarter. Norges Bank bought a new position in Tenable in the fourth quarter worth $44,542,000. First Trust Advisors LP raised its holdings in 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 purchasing an additional 1,023,671 shares in the last quarter. Shapiro Capital Management LLC lifted its position 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 period. Finally, Alyeska Investment Group L.P. lifted its position in Tenable by 101.5% during the fourth 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 during the period. 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.