Tenable (NASDAQ:TENB) Raised to Strong-Buy at Wall Street Zen

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

Several other brokerages have also recently weighed in on TENB. Jefferies Financial Group boosted their price objective on Tenable from $22.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, May 22nd. Needham & Company LLC boosted their price objective on Tenable from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a research note on Tuesday, April 21st. Stephens boosted their price objective on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Finally, UBS Group reduced their price objective on Tenable from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Tenable has a consensus rating of “Hold” and a consensus price target of $29.16.

Tenable Trading Up 8.8%

Shares of TENB stock opened at $28.23 on Friday. Tenable has a 12-month low of $15.73 and a 12-month high of $35.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock’s 50-day moving average price is $20.51 and its 200-day moving average price is $22.29. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of -282.30 and a beta of 0.87.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The firm had revenue of $262.06 million for the quarter, compared to analysts’ expectations of $258.83 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. 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 research analysts predict that Tenable will post 0.49 EPS for the current fiscal year.

Institutional Trading of Tenable

A number of large investors have recently modified their holdings of TENB. Quarry LP purchased a new stake in shares of Tenable in the third quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Tenable in the fourth quarter valued at approximately $28,000. Signaturefd LLC boosted its holdings in shares of Tenable by 312.9% in the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 948 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Tenable in the fourth quarter valued at approximately $38,000. Finally, Horizon Investments LLC purchased a new stake in shares of Tenable in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.