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

Tenable (NASDAQ:TENB) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

A number of other analysts also recently weighed in on TENB. Susquehanna cut their price target on shares of Tenable from $40.00 to $26.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Wedbush restated an “outperform” rating and set a $29.00 target price on shares of Tenable in a report on Tuesday, May 26th. Needham & Company LLC lifted their price target on Tenable from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Canaccord Genuity Group increased their price objective on Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Zacks Research lowered Tenable from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.16.

Tenable Stock Up 3.4%

NASDAQ:TENB opened at $27.72 on Tuesday. 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 has a 12-month low of $15.73 and a 12-month high of $35.69. The stock’s fifty day simple moving average is $22.69 and its 200-day simple moving average is $22.38. The firm has a market capitalization of $3.06 billion, a P/E ratio of -277.20 and a beta of 0.98.

Tenable (NASDAQ:TENB) last released its quarterly earnings data 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 business had revenue of $262.06 million during the quarter, compared to the consensus estimate of $258.83 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’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. Equities research analysts expect that Tenable will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after acquiring an additional 12,868 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock worth $11,436,000 after purchasing an additional 17,349 shares during the period. Jane Street Group LLC increased its stake in shares of Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after purchasing an additional 51,266 shares during the period. Invesco Ltd. lifted its holdings in Tenable by 12.9% during the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after purchasing an additional 13,903 shares during the last quarter. Finally, Amundi boosted its stake in Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after purchasing an additional 30,256 shares during the period. 89.06% of the stock is owned by institutional investors.

Tenable Company Profile

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.