Tenable (NASDAQ:TENB) Upgraded to “Strong-Buy” at Wall Street Zen

Tenable (NASDAQ:TENB) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently weighed in on TENB. Morgan Stanley set a $30.00 target price on shares of Tenable in a report on Thursday, December 18th. Wedbush lowered their price objective on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Tenable in a research note on Thursday, February 5th. Piper Sandler cut 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. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research note on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.82.

Tenable Stock Performance

NASDAQ:TENB opened at $17.58 on Friday. The company has a market cap of $2.02 billion, a PE ratio of -58.60 and a beta of 0.75. The business’s 50 day moving average is $20.25 and its two-hundred day moving average is $24.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. Tenable has a 52 week low of $15.85 and a 52 week high of $35.69.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $251.79 million. During the same period in the previous year, the business earned $0.41 EPS. The business’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, analysts predict that Tenable will post 0.12 EPS for the current year.

Insider Activity at Tenable

In other news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average price of $21.50 per share, with a total value of $258,000.00. Following the acquisition, the director directly owned 51,731 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock valued at $4,367,000 after buying an additional 12,868 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Tenable by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after buying an additional 17,349 shares in the last quarter. Jane Street Group LLC increased its position in Tenable by 83.6% in the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after acquiring an additional 51,266 shares during the period. Prudential Financial Inc. raised its stake in Tenable by 39.9% during the 2nd quarter. Prudential Financial Inc. now owns 40,250 shares of the company’s stock valued at $1,360,000 after acquiring an additional 11,470 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Tenable by 11.1% during the 2nd quarter. Hsbc Holdings PLC now owns 79,590 shares of the company’s stock valued at $2,665,000 after acquiring an additional 7,961 shares in the last quarter. 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.