Tenable (NASDAQ:TENB) Given New $25.00 Price Target at DA Davidson

Tenable (NASDAQ:TENB) had its price objective boosted by DA Davidson from $22.00 to $25.00 in a research note issued to investors on Friday morning,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Needham & Company LLC boosted their target price on shares of Tenable from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Barclays boosted their price target on shares of Tenable from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday. Susquehanna cut their price target on shares of Tenable from $40.00 to $26.00 and set a “positive” rating for the company in a report on Friday, May 1st. Finally, TD Cowen cut their price target on shares of Tenable from $45.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.79.

Tenable Trading Up 1.1%

NASDAQ TENB opened at $25.45 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -254.50 and a beta of 0.87. The company’s 50-day simple moving average is $19.94 and its two-hundred day simple moving average is $22.36. Tenable has a one year low of $15.73 and a one year high of $35.69.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Equities analysts forecast that Tenable will post 0.49 EPS for the current fiscal year.

Institutional Trading of Tenable

Several hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Tenable during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Tenable during the 4th quarter worth $28,000. Signaturefd LLC raised its stake in shares of Tenable by 312.9% during the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock worth $29,000 after buying an additional 948 shares during the last quarter. Horizon Investments LLC acquired a new position in shares of Tenable during the 3rd quarter worth $45,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Tenable during the 4th quarter worth $38,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable News Summary

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Needham raised its price target on Tenable from $26 to $30 and kept a Buy rating, signaling confidence in further upside for the cybersecurity company. Benzinga
• Positive Sentiment: Tenable announced new AI governance capabilities through integration with Anthropic’s Claude Compliance API, expanding its Tenable One platform and potentially increasing its appeal to enterprise customers focused on AI security and compliance. GlobeNewswire
• Positive Sentiment: The company launched its Open Partner Exchange Network (OPEN) and Open Connector, both aimed at improving data sharing, workflows, and AI-driven cyber risk decisions across security tools, which could strengthen the platform and support future growth. GlobeNewswire
• Neutral Sentiment: DA Davidson increased its price target to $25, but maintained a Neutral rating, suggesting limited near-term upside relative to the current share price. Benzinga
• Neutral Sentiment: Tenable’s analyst/investor day transcript and slideshow likely reinforced management’s strategic messaging around exposure management and AI, but did not include a major new financial surprise. Seeking Alpha

About Tenable

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.