Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Tenable, with 11 hold, seven buy, and two sell ratings. The average 12-month price target is approximately $34.68.
• Tenable’s latest quarterly results exceeded expectations, with adjusted earnings of $0.51 per share and revenue of $268.51 million, up 8.6% year over year.
• Institutional investors own approximately 89.06% of Tenable’s shares, while the stock recently traded at $36.37, down 4.5%, with a market capitalization of about $4.01 billion.

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have earned a consensus rating of "Hold" from the twenty research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $34.6842.

TENB has been the topic of several recent analyst reports. Stifel Nicolaus raised their price target on shares of Tenable from $26.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th. Canaccord Genuity Group boosted their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. DA Davidson upped their target price 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. UBS Group reduced their target price on shares of Tenable from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Finally, Stephens raised their price objective on Tenable from $24.00 to $29.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 26th.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Tenable during the 2nd quarter valued at $214,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Tenable in the 2nd quarter worth $197,000. Allworth Financial LP grew its stake in Tenable by 25.6% during the 2nd quarter. Allworth Financial LP now owns 2,838 shares of the company's stock worth $105,000 after buying an additional 579 shares during the last quarter. Nykredit A S purchased a new position in Tenable during the 2nd quarter worth $198,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tenable during the 2nd quarter valued at about $3,582,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Down 4.5%

Shares of NASDAQ:TENB opened at $36.37 on Thursday. Tenable has a 1 year low of $15.73 and a 1 year high of $43.67. The business has a 50 day simple moving average of $35.64 and a two-hundred day simple moving average of $27.86. The firm has a market capitalization of $4.01 billion, a PE ratio of 727.55 and a beta of 0.96. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company'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. On average, equities analysts predict that Tenable will post 0.5 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.