Truist Financial Lowers Tenable (NASDAQ:TENB) Price Target to $30.00

Tenable (NASDAQ:TENB) had its price target lowered by Truist Financial from $40.00 to $30.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential downside of 5.03% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. TD Cowen increased their target price on Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a report on Monday, July 13th. DA Davidson increased their price objective on Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Robert W. Baird set a $34.00 price target on shares of Tenable in a research report on Thursday, April 30th. Wedbush reiterated an “outperform” rating and issued a $29.00 price objective on shares of Tenable in a report on Tuesday, May 26th. Finally, Jefferies Financial Group lowered their price objective on Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.68.

Tenable Stock Performance

TENB traded up $0.11 during midday trading on Thursday, reaching $31.59. The company had a trading volume of 3,907,022 shares, compared to its average volume of 3,254,053. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $3.48 billion, a PE ratio of -316.73 and a beta of 0.93. Tenable has a 12-month low of $15.73 and a 12-month high of $43.67. The business has a 50-day moving average price of $31.81 and a two-hundred day moving average price of $24.49.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.Tenable’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, sell-side analysts expect that Tenable will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tenable

Several large investors have recently made changes to their positions in TENB. Royal Bank of Canada raised its position in shares of Tenable by 11.5% in the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after acquiring an additional 12,868 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after purchasing an additional 17,349 shares during the last quarter. Jane Street Group LLC grew its stake in Tenable by 83.6% during the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after buying an additional 51,266 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Tenable by 12.9% during the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after buying an additional 13,903 shares during the last quarter. Finally, Amundi increased its position in Tenable by 52.0% during the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after purchasing an additional 30,256 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Key Tenable News

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Tenable reported Q2 adjusted EPS of $0.51, above the $0.47 consensus, while revenue reached $268.5 million, topping estimates of $264.9 million and increasing 8.6% year over year. Non-GAAP operating margin improved to 24.7%, up 540 basis points, and operating cash flow was $44.7 million. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its earnings outlook. Tenable projected Q3 EPS of $0.49-$0.52, well above the $0.42 analyst estimate, and lifted full-year 2026 EPS guidance to $1.95-$2.00 versus consensus of $1.66. The outlook reflects record adoption of Tenable One, customer expansion and continued AI-related momentum. TENB Q2 Earnings Beat on Tenable One Momentum, Outlook Raised
• Positive Sentiment: Needham turned more bullish. The firm raised its TENB price target from $30 to $36 and assigned a “buy” rating, citing potential upside following the earnings report. Needham Raises Tenable Price Target
• Negative Sentiment: Wells Fargo lowered its price target and maintained a neutral view. The firm cut its target from $43 to $35 and assigned an “equal weight” rating. Although the new target remains above the recent trading level, the reduction signals caution and may offset optimism from the earnings beat and Needham upgrade. Wells Fargo Lowers Tenable Price Target

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.