Tenable (NASDAQ:TENB) Stock Price Up 7% – Here’s What Happened

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price shot up 7% during mid-day trading on Friday . The company traded as high as $28.60 and last traded at $29.3610. Approximately 289,366 shares were traded during trading, a decline of 91% from the average daily volume of 3,086,054 shares. The stock had previously closed at $27.44.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Tenable from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Stephens boosted their target price on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Scotiabank cut their target price on Tenable from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Wedbush reissued an “outperform” rating and issued a $29.00 price target on shares of Tenable in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.16.

Tenable Stock Up 10.1%

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average price of $24.45 and a 200-day moving average price of $22.47. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of -302.20 and a beta of 0.99.

Tenable (NASDAQ:TENB) last issued 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. The firm had revenue of $262.06 million for the quarter, compared to analysts’ expectations of $258.83 million. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Barclays PLC grew its holdings in Tenable by 98.9% during the 3rd quarter. Barclays PLC now owns 1,675,871 shares of the company’s stock valued at $48,868,000 after buying an additional 833,125 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Tenable by 9.6% in the third quarter. First Trust Advisors LP now owns 3,219,954 shares of the company’s stock worth $93,894,000 after acquiring an additional 282,265 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Tenable in the fourth quarter worth $2,180,000. UBS Group AG lifted its position in shares of Tenable by 327.6% in the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after acquiring an additional 2,369,402 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tenable by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other 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.