Tenable (NASDAQ:TENB) Upgraded at Wall Street Zen

Tenable (NASDAQ:TENB) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Several other equities research analysts also recently issued reports on TENB. Needham & Company LLC cut their price objective on Tenable from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Tenable in a research report on Thursday, October 23rd. Canaccord Genuity Group cut their price target on shares of Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley set a $30.00 price objective on shares of Tenable in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tenable in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.82.

Tenable Stock Performance

Shares of TENB stock opened at $22.46 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $2.68 billion, a P/E ratio of -83.20 and a beta of 0.64. The firm’s 50 day moving average price is $24.61 and its 200-day moving average price is $28.30. Tenable has a one year low of $21.55 and a one year high of $45.44.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $252.44 million during the quarter, compared to analyst estimates of $247.43 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. As a group, equities research analysts predict that Tenable will post 0.12 EPS for the current year.

Insider Buying and Selling at Tenable

In other news, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Tenable

Several large investors have recently bought and sold shares of TENB. Royal Bank of Canada lifted its holdings in Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $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% in 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 valued at $11,436,000 after acquiring an additional 17,349 shares during the last quarter. Jane Street Group LLC raised its position 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 in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Tenable during the second quarter worth approximately $283,000. Finally, Tempus Wealth Planning LLC lifted its stake in Tenable by 42.7% during the second quarter. Tempus Wealth Planning LLC now owns 15,410 shares of the company’s stock worth $521,000 after purchasing an additional 4,609 shares during the last quarter. Hedge funds and other 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.