Wells Fargo & Company Begins Coverage on Tenable (NASDAQ:TENB)

Stock analysts at Wells Fargo & Company began coverage on shares of Tenable (NASDAQ:TENB) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $19.00 price target on the stock. Wells Fargo & Company‘s target price points to a potential downside of 6.82% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a report on Thursday, January 22nd. DA Davidson decreased their price target on Tenable from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. TD Cowen dropped their price objective on shares of Tenable from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. decreased their target price 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. Finally, Barclays lowered their price target on shares of Tenable from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Tenable Price Performance

Shares of NASDAQ TENB opened at $20.39 on Tuesday. Tenable has a 52 week low of $17.27 and a 52 week high of $38.73. The business’s 50 day moving average price is $21.92 and its 200 day moving average price is $26.18. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The firm has a market cap of $2.34 billion, a P/E ratio of -67.96 and a beta of 0.67.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The business 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 business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $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. On average, sell-side analysts expect that Tenable will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In related news, Director A Brooke Seawell sold 115,000 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Also, Director Arthur W. Coviello, Jr. purchased 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of $21.50 per share, with a total value of $258,000.00. Following the acquisition, the director owned 51,731 shares of the company’s stock, valued at approximately $1,112,216.50. The trade was a 30.20% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Tenable

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Tenable by 11.0% in the third quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after purchasing an additional 713,291 shares in the last quarter. First Trust Advisors LP increased its stake in Tenable by 31.8% during the 4th quarter. First Trust Advisors LP now owns 4,243,625 shares of the company’s stock worth $99,852,000 after buying an additional 1,023,671 shares during the period. Shapiro Capital Management LLC lifted its holdings in Tenable by 38.8% during the 3rd quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock worth $105,336,000 after buying an additional 1,010,230 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Tenable by 327.6% during the 4th quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock worth $72,768,000 after buying an additional 2,369,402 shares in the last quarter. Institutional investors and hedge funds 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.