Tenable (NASDAQ:TENB) Cut to Buy at Wall Street Zen

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

A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Tenable from $22.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, May 22nd. Canaccord Genuity Group upped their price target on shares of Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. DA Davidson raised 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. Zacks Research cut shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $29.00 price objective on shares of Tenable in a report on Tuesday, May 26th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable presently has an average rating of “Hold” and an average target price of $29.16.

Tenable Trading Up 3.5%

Shares of TENB stock opened at $27.26 on Wednesday. The firm has a 50 day moving average price of $23.82 and a two-hundred day moving average price of $22.40. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $3.01 billion, a PE ratio of -272.60 and a beta of 0.99. Tenable has a 12-month low of $15.73 and a 12-month high of $35.69.

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

Hedge Funds Weigh In On Tenable

Several hedge funds and other institutional investors have recently modified their holdings of TENB. Pacer Advisors Inc. increased its holdings in shares of Tenable by 31.5% during the first quarter. Pacer Advisors Inc. now owns 498,647 shares of the company’s stock worth $8,435,000 after buying an additional 119,570 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Tenable during the 1st quarter valued at $269,000. Essential Partners LLC grew its position in Tenable by 456.3% during the 1st quarter. Essential Partners LLC now owns 7,238 shares of the company’s stock worth $122,000 after acquiring an additional 5,937 shares during the last quarter. Bank of America Corp DE grew its position in Tenable by 2.0% during the 1st quarter. Bank of America Corp DE now owns 996,815 shares of the company’s stock worth $16,861,000 after acquiring an additional 19,229 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Tenable by 217.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock worth $60,000 after acquiring an additional 2,432 shares during the last quarter. 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.