Tenable (NASDAQ:TENB) Hits New 52-Week Low – Here’s What Happened

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price reached a new 52-week low on Friday . The stock traded as low as $15.73 and last traded at $16.1570, with a volume of 1243399 shares changing hands. The stock had previously closed at $16.41.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus set a $24.00 target price on shares of Tenable in a research note on Thursday, February 5th. Canaccord Genuity Group set a $33.00 price target on Tenable in a report on Thursday, February 5th. Barclays cut their price target on Tenable from $33.00 to $28.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Truist Financial set a $27.00 price target on Tenable in a report on Tuesday, January 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price target on shares of Tenable in a report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Tenable presently has a consensus rating of “Hold” and a consensus target price of $29.82.

Tenable Stock Performance

The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -53.46 and a beta of 0.75. The stock has a 50 day moving average of $19.75 and a 200 day moving average of $24.02. 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 (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.48 EPS 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 quarter in the previous year, the firm earned $0.41 earnings per share. Tenable’s revenue for the quarter 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, analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, Director Arthur W. Coviello, Jr. bought 12,000 shares of the firm’s 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Tenable by 5.5% during the third quarter. Vanguard Group Inc. now owns 14,962,471 shares of the company’s stock worth $436,306,000 after purchasing an additional 778,699 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Tenable by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock worth $32,412,000 after purchasing an additional 316,390 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Tenable by 12.2% in the third quarter. Stephens Investment Management Group LLC now owns 1,101,773 shares of the company’s stock worth $32,128,000 after acquiring an additional 120,145 shares during the period. Barclays PLC lifted its stake in shares of Tenable by 98.9% in the third quarter. Barclays PLC now owns 1,675,871 shares of the company’s stock worth $48,868,000 after acquiring an additional 833,125 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Tenable by 16,873.5% in the third quarter. Pacer Advisors Inc. now owns 376,981 shares of the company’s stock worth $10,993,000 after acquiring an additional 374,760 shares during the period. 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.