Tenable (NASDAQ:TENB) Hits New 52-Week Low – Time to Sell?

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.38 and last traded at $16.48, with a volume of 850356 shares. The stock had previously closed at $18.29.

Analysts Set New Price Targets

TENB has been the topic of several analyst reports. UBS Group cut their price target on shares of Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Scotiabank dropped their target price on Tenable from $31.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Wells Fargo & Company initiated coverage on Tenable in a report on Tuesday, March 3rd. They issued an “equal weight” rating and a $19.00 price target on the stock. Finally, Barclays decreased their price target on Tenable from $33.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.50.

Tenable Stock Down 8.5%

The company’s 50 day moving average is $20.87 and its 200 day moving average is $25.05. The company has a market cap of $1.92 billion, a PE ratio of -55.75 and a beta of 0.67. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $260.53 million during the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. As a group, analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Arthur W. Coviello, Jr. acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average price of $21.50 per share, with a total value of $258,000.00. Following the completion of the purchase, the director directly owned 51,731 shares in the company, valued at $1,112,216.50. This trade represents a 30.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Tenable

Several hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Tenable during the third quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new stake in Tenable in the fourth quarter worth about $28,000. Signaturefd LLC lifted its stake in Tenable by 312.9% in the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after acquiring an additional 948 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Tenable during the 2nd quarter worth about $37,000. Finally, Quadrant Capital Group LLC bought a new position in Tenable during the 4th quarter worth about $38,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.