Tenable Holdings, Inc. (NASDAQ:TENB) Stock Has Average Target Price of $34.68

Key Points

• Analyst sentiment is mixed: Twenty firms rate Tenable “Hold” overall, with 12 hold, 7 buy and 1 sell ratings. The average 12-month price target is $34.68, below the stock’s reported $41.59 price.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 89.06% of Tenable, with major new positions reported from BlackRock and Manufacturers Life Insurance.
• Recent results exceeded expectations: Tenable reported quarterly EPS of $0.51 versus a $0.47 consensus estimate and revenue of $268.51 million versus $264.87 million expected; revenue increased 8.6% year over year.

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $34.68.

A number of equities research analysts recently issued reports on the stock. Piper Sandler downgraded shares of Tenable from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $35.00 to $30.00 in a research note on Thursday, July 30th. Wedbush cut Tenable from an "outperform" rating to an "underperform" rating and set a $29.00 target price on the stock. in a research note on Thursday, September 10th. Scotiabank raised Tenable from a "sector perform" rating to a "sector outperform" rating and set a $50.00 target price on the stock in a research note on Monday, July 6th. Wall Street Zen downgraded Tenable from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 19th. Finally, UBS Group decreased their price target on Tenable from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th.

Institutional Trading of Tenable

A number of hedge funds and other institutional investors have recently bought and sold shares of TENB. BlackRock Inc. purchased a new position in shares of Tenable during the second quarter worth approximately $498,387,000. The Manufacturers Life Insurance Company bought a new stake in shares of Tenable during the second quarter valued at approximately $76,759,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Tenable by 175.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company's stock valued at $63,131,000 after purchasing an additional 2,375,587 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Tenable in the second quarter valued at approximately $42,489,000. Finally, Bank of America Corp DE purchased a new stake in shares of Tenable in the second quarter valued at approximately $30,884,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Price Performance

TENB opened at $41.59 on Monday. The firm has a 50-day simple moving average of $35.92 and a two-hundred day simple moving average of $29.83. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The company has a market capitalization of $4.58 billion, a PE ratio of 831.97 and a beta of 1.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million for 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 firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Analysts forecast that Tenable will post 0.50 earnings per share for the current fiscal year.

About Tenable

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.

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.