Tenable (NASDAQ:TENB) Reaches New 12-Month High - Should You Buy?

Key Points

• Tenable shares reached a new 52-week high, trading as high as $43.81 and rising 5.2%, while remaining above their 50-day and 200-day moving averages.
• Analyst sentiment is mixed: eight analysts rate the stock a Buy, twelve a Hold and one a Sell. The consensus rating is Hold, with a $35.60 price target—below the current share price.
• Tenable exceeded quarterly expectations with adjusted EPS of $0.51 versus $0.47 expected and revenue of $268.51 million, up 8.6% year over year; institutional investors own 89.06% of the stock.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday. The company traded as high as $43.81 and last traded at $43.8310, with a volume of 1,758,770 shares traded. The stock had previously closed at $42.00.

Analysts Set New Price Targets

A number of research firms have commented on TENB. Needham & Company LLC increased 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. Susquehanna upped their target price on shares of Tenable from $26.00 to $36.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. Jefferies Financial Group reduced their price target on shares of Tenable from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Canaccord Genuity Group lifted their price target on Tenable from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Truist Financial boosted their price objective on Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $35.60.

Tenable Stock Up 5.2%

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The firm's 50-day moving average price is $36.44 and its 200 day moving average price is $31.24. The firm has a market cap of $4.87 billion, a P/E ratio of 886.24 and a beta of 1.01.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. During the same period in the previous year, the business posted $0.34 EPS. Tenable's revenue 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, research analysts expect that Tenable Holdings, Inc. will post 0.50 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC acquired a new position in Tenable during the 2nd quarter valued at about $66,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Tenable in the second quarter valued at approximately $81,000. Persistent Asset Partners Ltd acquired a new position in shares of Tenable during the second quarter valued at approximately $88,000. GAMMA Investing LLC increased its stake in shares of Tenable by 36.2% during the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company's stock valued at $93,000 after acquiring an additional 671 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Tenable by 20.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company's stock worth $93,000 after purchasing an additional 437 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company's product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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