Tenable (NASDAQ:TENB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tenable (NASDAQ:TENB) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their target price on Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Scotiabank raised shares of Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 price target for the company in a report on Monday, July 6th. Piper Sandler downgraded shares of Tenable from an “overweight” rating to a “neutral” rating and cut their price target for the company from $35.00 to $30.00 in a report on Thursday, July 30th. Needham & Company LLC raised their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Susquehanna raised their price objective on shares of Tenable from $26.00 to $36.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.35.

Tenable Stock Up 4.7%

TENB opened at $38.93 on Friday. Tenable has a one year low of $15.73 and a one year high of $43.67. 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 stock’s fifty day moving average is $36.31 and its 200-day moving average is $30.75. The company has a market capitalization of $4.29 billion, a PE ratio of 106.29 and a beta of 1.01.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The business 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 company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, equities analysts predict that Tenable will post 0.50 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of institutional investors and hedge funds have recently modified their holdings of TENB. BlackRock Inc. purchased a new position in shares of Tenable in the second quarter worth approximately $498,387,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after acquiring 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 valued at approximately $76,759,000. Freestone Grove Partners LP purchased a new stake in shares of Tenable in the 2nd quarter valued at approximately $42,489,000. Finally, SEB Asset Management AB purchased a new stake in shares of Tenable in the 1st quarter valued at approximately $18,935,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

About Tenable

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.