Tenable (NASDAQ:TENB) Shares Gap Down – Here’s What Happened

Tenable Holdings, Inc. (NASDAQ:TENB)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $38.09, but opened at $36.86. Tenable shares last traded at $36.9380, with a volume of 1,615,520 shares.

Wall Street Analyst Weigh In

TENB has been the subject of several recent research reports. Wedbush lowered shares of Tenable from an “outperform” rating to an “underperform” rating and set a $29.00 price objective for the company. in a research report on Thursday, September 10th. Stephens lifted their target price on shares of Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Stifel Nicolaus upped their price target on shares of Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. TD Cowen increased their price objective on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Weiss Ratings raised Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.68.

Tenable Stock Down 3.9%

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a 50 day simple moving average of $35.71 and a two-hundred day simple moving average of $27.74. The stock has a market cap of $4.03 billion, a P/E ratio of 734.25 and a beta of 0.96.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Equities research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Firetrail Investments PTY Ltd. purchased a new stake in shares of Tenable in the second quarter worth approximately $8,389,000. Dimensional Fund Advisors LP increased its stake in Tenable by 231.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 817,447 shares of the company’s stock valued at $13,827,000 after buying an additional 570,760 shares during the period. BlackRock Inc. purchased a new stake in Tenable in the 2nd quarter worth approximately $498,387,000. Arrowstreet Capital Limited Partnership lifted its position in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock worth $63,131,000 after buying an additional 2,375,587 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Tenable by 169.7% during the 1st quarter. Quantinno Capital Management LP now owns 232,512 shares of the company’s stock valued at $3,933,000 after buying an additional 146,312 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company’s product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.