Tenable (NASDAQ:TENB) Director Acquires $258,000.00 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Arthur Coviello, Jr. bought 12,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tenable Stock Down 1.5%

Shares of NASDAQ TENB opened at $22.55 on Thursday. The firm’s fifty day moving average is $23.45 and its 200 day moving average is $27.24. Tenable Holdings, Inc. has a 52 week low of $19.15 and a 52 week high of $39.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -75.16 and a beta of 0.63.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. 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 year.

Institutional Trading of Tenable

Institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in Tenable during the third quarter valued at $25,000. Elevation Point Wealth Partners LLC purchased a new stake in Tenable in the 2nd quarter worth approximately $37,000. Signaturefd LLC raised its position 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 purchasing an additional 948 shares during the period. Exchange Traded Concepts LLC bought a new stake in Tenable during the third quarter valued at about $45,000. Finally, Horizon Investments LLC bought a new stake in Tenable during the third quarter valued at about $45,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Ratings Changes

TENB has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Tenable from $29.00 to $24.00 and set a “hold” rating for the company in a report on Monday, February 2nd. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Stifel Nicolaus set a $24.00 target price on shares of Tenable in a research report on Thursday, February 5th. UBS Group cut their target price on shares of Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, DA Davidson reduced their price target on shares of Tenable from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.94.

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.