Tenable Holdings, Inc. (NASDAQ:TENB) Receives Average Rating of “Hold” from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have received an average recommendation of “Hold” from the twenty brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.1579.

TENB has been the topic of several recent research reports. Canaccord Genuity Group lifted their price objective on shares of Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. DA Davidson boosted their price target on shares of Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Morgan Stanley set a $27.00 price target on shares of Tenable in a research report on Thursday, April 30th. Zacks Research downgraded shares of Tenable from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Needham & Company LLC boosted their price target on shares of Tenable from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd.

Tenable Trading Down 1.0%

Shares of NASDAQ:TENB opened at $27.56 on Tuesday. The company has a market cap of $3.04 billion, a PE ratio of -275.60 and a beta of 0.98. The company’s 50-day moving average price is $21.69 and its 200 day moving average price is $22.35. Tenable has a fifty-two week low of $15.73 and a fifty-two week high of $35.69. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate 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%. Tenable’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $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. Sell-side analysts anticipate that Tenable will post 0.49 earnings per share for the current year.

Institutional Trading of Tenable

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Tenable during the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Tenable during the 4th quarter worth about $28,000. Signaturefd LLC raised its position 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 in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Tenable during the 4th quarter worth about $38,000. Finally, Horizon Investments LLC bought a new stake in shares of Tenable during the 3rd quarter worth about $45,000. 89.06% of the stock is currently owned by 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.