Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Rating of “Hold” from Brokerages

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned an average recommendation of “Hold” from the twenty-one analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.50.

Several analysts have recently commented on the company. Jefferies Financial Group lowered their price objective on Tenable from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. Zacks Research cut Tenable from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Morgan Stanley set a $30.00 price target on Tenable in a report on Thursday, December 18th. Needham & Company LLC restated a “buy” rating and set a $28.00 price target on shares of Tenable in a research note on Thursday, February 5th. Finally, UBS Group cut their price objective on shares of Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th.

Tenable Stock Down 4.4%

Shares of Tenable stock opened at $18.11 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The company has a market cap of $2.08 billion, a P/E ratio of -60.36 and a beta of 0.67. The firm’s 50 day moving average price is $20.96 and its 200-day moving average price is $25.10. Tenable has a 52-week low of $17.27 and a 52-week high of $37.10.

Tenable (NASDAQ:TENB) last posted its 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 negative net margin of 3.61% and a positive return on equity of 0.20%. The company had revenue of $260.53 million during the quarter, compared to analysts’ expectations of $251.79 million. During the same quarter in the prior year, the company posted $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. On average, sell-side analysts predict that Tenable will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In related news, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $258,000.00. Following the purchase, the director owned 51,731 shares of the company’s stock, valued at $1,112,216.50. This trade represents a 30.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position 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 acquiring an additional 778,699 shares during the period. Voya Investment Management LLC increased its holdings in shares of Tenable by 39.8% in the third quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock valued at $32,412,000 after purchasing an additional 316,390 shares during the period. Stephens Investment Management Group LLC raised 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 purchasing an additional 120,145 shares during the last quarter. Pacer Advisors Inc. raised 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 purchasing an additional 374,760 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Tenable by 293.6% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 406,202 shares of the company’s stock worth $13,722,000 after purchasing an additional 302,990 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.