Tenable (NASDAQ:TENB) Coverage Initiated at Wells Fargo & Company

Equities researchers at Wells Fargo & Company started coverage on shares of Tenable (NASDAQ:TENB) in a note issued to investors on Tuesday. The firm set an “equal weight” rating and a $19.00 price target on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 3.26% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a report on Thursday, January 22nd. UBS Group decreased their target price on shares of Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Barclays dropped their price target on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 25th. Finally, Wedbush lowered their target price on Tenable from $42.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tenable presently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $19.64 on Tuesday. The company has a market cap of $2.34 billion, a P/E ratio of -65.46 and a beta of 0.63. Tenable has a 12-month low of $17.27 and a 12-month high of $38.83. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average is $22.08 and its two-hundred day moving average is $26.29.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Tenable had a positive return on equity of 0.20% and a negative net margin of 3.61%.The firm had revenue of $260.53 million during the quarter, compared to analyst estimates of $251.79 million. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Equities analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 115,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the stock in a transaction dated Monday, February 9th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $258,000.00. Following the acquisition, the director owned 51,731 shares in the company, valued at $1,112,216.50. The trade was a 30.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Large investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in Tenable during the 3rd quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Tenable during the 2nd quarter worth about $37,000. Kemnay Advisory Services Inc. bought a new position in shares of Tenable during the 4th quarter worth about $28,000. Signaturefd LLC raised its position in shares of 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 buying an additional 948 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Tenable in the third quarter valued at about $45,000. Institutional investors own 89.06% of the company’s stock.

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.