Tenable (NASDAQ:TENB) Downgraded by Wall Street Zen to Buy

Key Points

• Wall Street Zen downgraded Tenable from “strong buy” to “buy,” while the broader analyst consensus remains “hold,” with seven buys, eleven holds, and two sells.
• Analysts’ consensus price target is $34.68; Tenable shares opened at $35.43, with a 52-week range of $15.73 to $43.67.
• Tenable beat quarterly expectations, reporting $0.51 in EPS versus $0.47 expected and revenue of $268.51 million, up 8.6% year over year. Institutional investors own approximately 89.06% of the company.

Tenable (NASDAQ:TENB - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also issued reports about the stock. Needham & Company LLC upped their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. DA Davidson raised their price objective on shares of Tenable from $22.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, May 22nd. Truist Financial lowered their price objective on shares of Tenable from $40.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus boosted their target price on shares of Tenable from $26.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald increased their target price on Tenable from $30.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Tenable has a consensus rating of "Hold" and a consensus price target of $34.68.

Tenable Price Performance

Shares of Tenable stock opened at $35.43 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The company's 50-day moving average price is $35.45 and its two-hundred day moving average price is $28.03. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The stock has a market cap of $3.90 billion, a PE ratio of 708.74 and a beta of 0.96.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million during the quarter, compared to the consensus estimate of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, sell-side analysts anticipate that Tenable will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in Tenable by 217.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company's stock worth $60,000 after buying an additional 2,432 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Tenable in the second quarter worth about $66,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Tenable during the 4th quarter worth about $72,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Tenable during the 2nd quarter worth about $81,000. Finally, KBC Group NV increased its holdings in shares of Tenable by 42.1% during the 1st quarter. KBC Group NV now owns 4,897 shares of the company's stock valued at $83,000 after acquiring an additional 1,451 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its platform is designed to provide visibility into vulnerabilities and exposures affecting information technology, cloud, operational technology and identity systems.

The company's product portfolio includes Tenable One, an exposure-management platform that brings together data and capabilities for vulnerability management, attack-surface management and other risk assessments.

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