Tenable (NASDAQ:TENB) Stock Price Up 9.5% – Here’s Why

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) rose 9.5% on Friday . The company traded as high as $28.50 and last traded at $28.4210. Approximately 2,261,918 shares were traded during trading, a decline of 27% from the average daily volume of 3,095,540 shares. The stock had previously closed at $25.95.

Analysts Set New Price Targets

TENB has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Tenable from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Morgan Stanley set a $27.00 price objective on Tenable in a research report on Thursday, April 30th. Scotiabank reduced their price objective on Tenable from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, Barclays boosted their price objective on Tenable from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.16.

Tenable Price Performance

The business has a 50-day simple moving average of $20.51 and a 200 day simple moving average of $22.29. The stock has a market cap of $3.11 billion, a P/E ratio of -282.30 and a beta of 0.87. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $258.83 million. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. On average, analysts forecast that Tenable Holdings, Inc. will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA bought a new stake in shares of Tenable in the 1st quarter valued at about $269,000. Essential Partners LLC lifted its stake in shares of Tenable by 456.3% in the 1st quarter. Essential Partners LLC now owns 7,238 shares of the company’s stock valued at $122,000 after purchasing an additional 5,937 shares during the period. Bank of America Corp DE lifted its stake in shares of Tenable by 2.0% in the 1st quarter. Bank of America Corp DE now owns 996,815 shares of the company’s stock valued at $16,861,000 after purchasing an additional 19,229 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Tenable by 217.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock valued at $60,000 after purchasing an additional 2,432 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Tenable by 22.5% in the 1st quarter. California State Teachers Retirement System now owns 143,165 shares of the company’s stock valued at $2,422,000 after purchasing an additional 26,270 shares during the period. 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.