Tenable (NASDAQ:TENB) Sets New 12-Month High – Still a Buy?

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price hit a new 52-week high on Monday . The company traded as high as $41.45 and last traded at $41.8880, with a volume of 526537 shares traded. The stock had previously closed at $38.60.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Tenable from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. William Blair cut shares of Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Needham & Company LLC increased their price objective on shares of Tenable from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Stephens raised their target price on shares of Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Susquehanna cut their target price on shares of Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.89.

Tenable Stock Down 1.6%

The company’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $23.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a market cap of $4.48 billion, a P/E ratio of -406.20 and a beta of 0.93.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company had revenue of $262.06 million during the quarter, compared to analyst estimates of $258.83 million. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Equities analysts forecast that Tenable Holdings, Inc. will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On Tenable

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after buying an additional 465,039 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Tenable by 11.0% in the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after purchasing an additional 713,291 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock valued at $99,852,000 after acquiring an additional 1,023,671 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after acquiring an additional 2,375,587 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its stake in shares of Tenable by 38.8% in the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after acquiring an additional 1,010,230 shares during the period. 89.06% of the stock is owned by institutional investors.

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.