TD Cowen Cuts Tenable (NASDAQ:TENB) Price Target to $38.00

Tenable (NASDAQ:TENB) had its target price decreased by TD Cowen from $45.00 to $38.00 in a research note issued to investors on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

TENB has been the subject of a number of other research reports. Wall Street Zen raised Tenable from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 25th. Wedbush dropped their target price on shares of Tenable from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday. Canaccord Genuity Group set a $33.00 price target on shares of Tenable in a report on Thursday. Morgan Stanley set a $30.00 price objective on shares of Tenable in a research note on Thursday, December 18th. Finally, Jefferies Financial Group cut their target price on shares of Tenable from $29.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and an average target price of $31.94.

Tenable Stock Performance

Shares of Tenable stock opened at $21.23 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.53 billion, a PE ratio of -70.76 and a beta of 0.63. The company has a 50 day moving average of $23.69 and a 200-day moving average of $27.46. Tenable has a 1-year low of $19.15 and a 1-year high of $41.00.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. During the same period last year, the firm 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. As a group, equities research analysts forecast that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, Director A Brooke Seawell sold 115,000 shares of Tenable stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

Institutional Trading of Tenable

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock worth $363,009,000 after purchasing an additional 465,039 shares during the period. Ameriprise Financial Inc. raised its stake in Tenable by 11.0% during the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock worth $209,354,000 after buying an additional 713,291 shares during the last quarter. Shapiro Capital Management LLC lifted its holdings in Tenable by 38.8% in the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares during the period. First Trust Advisors LP lifted its holdings in Tenable by 9.6% in the third quarter. First Trust Advisors LP now owns 3,219,954 shares of the company’s stock valued at $93,894,000 after buying an additional 282,265 shares during the period. Finally, UBS Group AG boosted its position in Tenable by 327.6% during the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after acquiring an additional 2,369,402 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Key Tenable News

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

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.