Tenable Holdings, Inc. (NASDAQ:TENB) Stock Has Average Target Price of $34.68 According to Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been given a consensus recommendation of “Hold” by the twenty research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $34.84.

Several analysts have weighed in on the company. Truist Financial cut their price objective on Tenable from $40.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on Tenable from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a research note on Monday, July 6th. Finally, Stifel Nicolaus lifted their price target on Tenable from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, July 30th.

Hedge Funds Weigh In On Tenable

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Tenable during the 2nd quarter valued at $498,387,000. Arrowstreet Capital Limited Partnership grew its position in shares of 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 during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Tenable in the 2nd quarter worth about $76,759,000. Freestone Grove Partners LP bought a new position in shares of Tenable in the 2nd quarter worth about $42,489,000. Finally, SEB Asset Management AB bought a new position in shares of Tenable in the 1st quarter worth about $18,935,000. Institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

NASDAQ:TENB opened at $37.20 on Monday. The company has a 50-day moving average price of $36.26 and a 200-day moving average price of $30.59. Tenable has a 12 month low of $15.73 and a 12 month high of $43.67. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 744.15 and a beta of 1.01.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. 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 previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. 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 analysts predict that Tenable will post 0.50 EPS for the current year.

Tenable Company Profile

Tenable Holdings, Inc (NASDAQ: TENB) is a cybersecurity company focused on exposure management, helping organizations identify, assess and reduce security risks across their technology environments. Its platform is designed to provide visibility into vulnerabilities and other exposures affecting networks, cloud infrastructure, applications, identities and operational technology.

The company’s product portfolio includes Tenable One, an exposure management platform, and Nessus, a widely used vulnerability assessment solution.