Tenable (NASDAQ:TENB) Shares Up 7.9% – What’s Next?

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) traded up 7.9% on Monday . The company traded as high as $39.20 and last traded at $39.2440. 870,064 shares were traded during trading, a decline of 73% from the average daily volume of 3,274,157 shares. The stock had previously closed at $36.38.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TENB. Stifel Nicolaus boosted their target price on shares of Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Needham & Company LLC lifted their price objective on shares of Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group reduced their price objective on shares of Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Truist Financial decreased their target price on shares of Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Finally, Susquehanna raised their target price on shares of Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.68.

Tenable Stock Up 5.8%

The business has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $25.10. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 769.37 and a beta of 0.94.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Tenable’s revenue for the quarter was up 8.6% on a year-over-year basis. 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, equities analysts expect that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently modified their holdings of TENB. Quarry LP purchased a new stake in shares of Tenable in the third quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new position in Tenable during the fourth quarter valued at approximately $28,000. Signaturefd LLC raised its position in Tenable by 312.9% during the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 948 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in Tenable in the 4th quarter worth approximately $38,000. Finally, Horizon Investments LLC acquired a new stake in shares of Tenable during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.