Tenable Holdings, Inc. (NASDAQ:TENB) Receives $34.68 Average Price Target from Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have earned an average recommendation of “Hold” from the twenty ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.6842.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Truist Financial cut their price target on shares of Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Weiss Ratings raised shares of Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Stifel Nicolaus boosted their price objective on shares of Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Finally, Piper Sandler lowered shares of Tenable from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $30.00 in a research note on Thursday, July 30th.

Hedge Funds Weigh In On Tenable

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted 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 valued at $4,367,000 after buying an additional 12,868 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Tenable by 5.6% during the 1st 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 acquiring an additional 17,349 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of 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 acquiring an additional 51,266 shares during the last quarter. Invesco Ltd. raised its stake in Tenable by 12.9% in the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after acquiring an additional 13,903 shares during the period. Finally, Amundi raised its stake in Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after acquiring an additional 30,256 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Performance

TENB opened at $32.79 on Friday. Tenable has a 52-week low of $15.73 and a 52-week high of $43.67. The firm has a market capitalization of $3.61 billion, a PE ratio of 655.93 and a beta of 0.94. 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 business’s 50-day simple moving average is $35.00 and its 200 day simple moving average is $26.29.

Tenable (NASDAQ:TENB) last posted its quarterly 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. The firm had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company 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. As a group, sell-side analysts expect that Tenable will post 0.5 earnings per share for the current fiscal year.

Tenable Company Profile

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.