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

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been given a consensus rating of “Hold” by the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.4211.

A number of equities analysts have recently issued reports on the company. DA Davidson raised their price target on Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Barclays upped their price objective on Tenable from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. William Blair downgraded Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Scotiabank dropped their target price on Tenable from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $27.00 target price on Tenable in a research report on Thursday, April 30th.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in Tenable by 31.5% during the first quarter. Pacer Advisors Inc. now owns 498,647 shares of the company’s stock valued at $8,435,000 after buying an additional 119,570 shares during the period. Glenmede Trust Co. NA purchased a new stake in Tenable during the first quarter valued at approximately $269,000. Essential Partners LLC raised its position in Tenable by 456.3% in the first 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 period. Bank of America Corp DE raised its position in Tenable by 2.0% in the first 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 period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of 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. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Price Performance

Shares of Tenable stock opened at $38.60 on Friday. The company has a market cap of $4.26 billion, a price-to-earnings ratio of -386.00 and a beta of 0.93. The company’s 50 day moving average is $26.18 and its 200 day moving average is $22.84. Tenable has a twelve month low of $15.73 and a twelve month high of $39.43. 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 posted its earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. 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 previous year, the firm posted $0.36 EPS. 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. Research analysts anticipate that Tenable will post 0.49 EPS for the current year.

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.