Tenable (NASDAQ:TENB) Stock Gets Price Target Boost from Wells Fargo & Company

Key Points

• Wells Fargo raised Tenable’s price target from $35 to $38 while maintaining an “equal weight” rating, implying approximately 0.27% upside from the previous close.
• Analyst opinion remains mixed: Tenable has a consensus “Hold” rating, with seven Buy, twelve Hold, and one Sell recommendations, and an average price target of $34.84.
• Tenable’s latest quarterly results exceeded expectations, with $0.51 adjusted EPS and $268.51 million in revenue; revenue increased 8.6% year over year.

Tenable (NASDAQ:TENB - Get Free Report) had its price target increased by equities research analysts at Wells Fargo & Company from $35.00 to $38.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 0.27% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. UBS Group decreased their price objective on shares of Tenable from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Scotiabank upgraded shares of Tenable from a "sector perform" rating to a "sector outperform" rating and set a $50.00 target price for the company in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on shares of Tenable from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, June 30th. Truist Financial reduced their target price on shares of Tenable from $40.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, July 30th. Finally, Cantor Fitzgerald upped their price target on shares of Tenable from $30.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $34.84.

Tenable Stock Performance

Shares of TENB traded down $0.22 during mid-day trading on Thursday, reaching $37.90. The company's stock had a trading volume of 415,506 shares, compared to its average volume of 3,482,743. Tenable has a 1-year low of $15.73 and a 1-year high of $43.67. The stock has a market cap of $4.17 billion, a P/E ratio of 768.21 and a beta of 1.01. The business has a 50-day simple moving average of $36.18 and a two-hundred day simple moving average of $30.29. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%. The business had revenue of $268.51 million for the quarter, compared to analysts' expectations of $264.87 million. During the same quarter in the prior year, the business earned $0.34 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. 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, equities research analysts anticipate that Tenable will post 0.50 earnings per share for the current fiscal year.

Institutional Trading of Tenable

Several institutional investors have recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its holdings in shares of Tenable by 2.6% during the 3rd quarter. Krilogy Financial LLC now owns 12,521 shares of the company's stock worth $456,000 after purchasing an additional 317 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Tenable by 30.2% in the third quarter. GAMMA Investing LLC now owns 3,285 shares of the company's stock worth $120,000 after purchasing an additional 761 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Tenable in the second quarter worth $214,000. Integrated Wealth Concepts LLC bought a new position in shares of Tenable in the second quarter worth $197,000. Finally, Allworth Financial LP raised its stake in Tenable by 25.6% in the second quarter. Allworth Financial LP now owns 2,838 shares of the company's stock valued at $105,000 after purchasing an additional 579 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

Tenable Holdings, Inc NASDAQ: TENB is a cybersecurity company focused on exposure management, helping organizations identify, assess and reduce security risks across their technology environments. Its platform is designed to provide visibility into vulnerabilities and other exposures affecting networks, cloud infrastructure, applications, identities and operational technology.

The company's product portfolio includes Tenable One, an exposure management platform, and Nessus, a widely used vulnerability assessment solution.

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