Tenable (NASDAQ:TENB) Price Target Cut to $20.00 by Analysts at Barclays

Tenable (NASDAQ:TENB) had its price target lowered by Barclays from $28.00 to $20.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also commented on the stock. Jefferies Financial Group lowered their price objective on shares of Tenable from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. DA Davidson reduced their target price on shares of Tenable from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Wells Fargo & Company started coverage on shares of Tenable in a research report on Tuesday, March 3rd. They set an “equal weight” rating and a $19.00 target price on the stock. Scotiabank lowered their price target on shares of Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Tenable in a research report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tenable has an average rating of “Hold” and a consensus price target of $29.35.

Tenable Stock Performance

NASDAQ:TENB opened at $17.41 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95. Tenable has a 1 year low of $15.73 and a 1 year high of $35.69. The stock’s 50 day simple moving average is $19.66 and its two-hundred day simple moving average is $23.89. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -58.03 and a beta of 0.75.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 business 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 firm earned $0.41 EPS. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Tenable

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of Tenable stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average price of $21.50 per share, with a total value of $258,000.00. Following the purchase, the director directly owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. This represents a 30.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Tenable by 5.5% during the 3rd 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 period. Voya Investment Management LLC lifted its holdings in shares of Tenable by 39.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock worth $32,412,000 after buying an additional 316,390 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Tenable by 12.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,101,773 shares of the company’s stock worth $32,128,000 after buying an additional 120,145 shares in the last quarter. Barclays PLC grew its position in shares of Tenable by 98.9% during the 3rd quarter. Barclays PLC now owns 1,675,871 shares of the company’s stock worth $48,868,000 after buying an additional 833,125 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Tenable by 16,873.5% during the third quarter. Pacer Advisors Inc. now owns 376,981 shares of the company’s stock valued at $10,993,000 after buying an additional 374,760 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.