Tenable (NASDAQ:TENB) Shares Gap Up Following Earnings Beat

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $19.72, but opened at $21.06. Tenable shares last traded at $21.5580, with a volume of 2,331,375 shares changing hands.

The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The firm had revenue of $260.53 million for the quarter, compared to analyst estimates of $251.79 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The firm’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.

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q4 results beat and upbeat guidance — Tenable reported Q4 revenue and EPS above estimates and issued FY26 and Q1 guidance well ahead of street expectations, which underpins the rally and signals better near-term profitability. Tenable Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: AI/security platform momentum — Management cited AI-driven demand and Tenable One platform wins (record new enterprise platform customers), supporting the view of recurring revenue strength and platform consolidation upside. TENB Q4 Deep Dive: AI Security Demand, Platform Consolidation Drive Momentum
• Positive Sentiment: Analyst support remains — Several firms reaffirm or maintain constructive ratings (Needham reaffirmed buy with $28 PT; JPMorgan, TD Cowen and Wedbush still have overweight/buy/outperform ratings despite trimming targets), providing a supportive analyst backdrop. Benzinga analyst notes
• Neutral Sentiment: Price-target cuts but still upside — Multiple shops trimmed targets (Wedbush $42→$32; TD Cowen $45→$38; JPMorgan $40→$35) but these levels still imply substantial upside from current prices, indicating lowered enthusiasm on valuation while preserving positive thesis for growth. Benzinga — PT changes TickerReport on TD Cowen
• Negative Sentiment: DA Davidson lowers to neutral — DA Davidson cut its target and moved to a “neutral” rating, which is a downgrade in sentiment and could cap near-term upside if other shops follow. Benzinga — DA Davidson note
• Neutral Sentiment: Value/longer-term bull case highlighted — Independent write-ups argue the stock looks attractively valued on FY26 multiples given recurring revenue and margin improvement, which may attract fundamental investors even if some analysts trim targets. Seeking Alpha — Deep value thesis

Analysts Set New Price Targets

TENB has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 25th. Wedbush reduced their price objective on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday. Morgan Stanley set a $30.00 target price on shares of Tenable in a research report on Thursday, December 18th. Stifel Nicolaus set a $24.00 price target on shares of Tenable in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Tenable in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.94.

Insider Activity

In other news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

Institutional Trading of Tenable

A number of institutional investors have recently bought and sold shares of TENB. Voya Investment Management LLC grew its holdings in Tenable by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,111,531 shares of the company’s stock valued at $32,412,000 after purchasing an additional 316,390 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Tenable by 12.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,101,773 shares of the company’s stock worth $32,128,000 after buying an additional 120,145 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Tenable by 9.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 129,931 shares of the company’s stock worth $4,389,000 after buying an additional 11,469 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in Tenable by 285.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 46,364 shares of the company’s stock valued at $1,566,000 after buying an additional 34,331 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Tenable by 16,873.5% in the 3rd quarter. Pacer Advisors Inc. now owns 376,981 shares of the company’s stock worth $10,993,000 after acquiring an additional 374,760 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Performance

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 stock’s 50-day simple moving average is $23.69 and its two-hundred day simple moving average is $27.51. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -70.76 and a beta of 0.63.

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.