Tenable (NASDAQ:TENB) Rating Lowered to “Buy” at Wall Street Zen

Tenable (NASDAQ:TENB) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other equities analysts also recently issued reports on TENB. Robert W. Baird set a $34.00 price objective on shares of Tenable in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Tenable in a research report on Tuesday, April 21st. Scotiabank dropped their price target on shares of Tenable from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company boosted their price objective on shares of Tenable from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Susquehanna decreased their target price on Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.16.

Tenable Stock Performance

Shares of TENB opened at $27.85 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. Tenable has a one year low of $15.73 and a one year high of $35.69. The firm has a market capitalization of $3.07 billion, a P/E ratio of -278.50 and a beta of 0.98. The business has a fifty day moving average of $21.51 and a 200 day moving average of $22.33.

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

Institutional Trading of Tenable

Hedge funds and other institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA bought a new stake in shares of Tenable during the 1st quarter valued at $269,000. Essential Partners LLC increased its stake in Tenable by 456.3% in the 1st quarter. Essential Partners LLC now owns 7,238 shares of the company’s stock worth $122,000 after buying an additional 5,937 shares in the last quarter. Bank of America Corp DE increased its stake in Tenable by 2.0% in the 1st quarter. Bank of America Corp DE now owns 996,815 shares of the company’s stock worth $16,861,000 after buying an additional 19,229 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Tenable by 217.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock valued at $60,000 after acquiring an additional 2,432 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Tenable by 22.5% during the first quarter. California State Teachers Retirement System now owns 143,165 shares of the company’s stock valued at $2,422,000 after acquiring an additional 26,270 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.