Tenable (NASDAQ:TENB) Stock Price Up 10% - Still a Buy?

Key Points

• Tenable shares rose about 10% to $33.11, although trading volume was 73% below the average. The stock’s consensus rating remains “Hold,” with an average analyst price target of $34.68 despite several recent target increases.
• Tenable exceeded quarterly expectations, reporting $0.51 in adjusted EPS versus a $0.47 estimate and $268.5 million in revenue, up 8.6% year over year. Management issued fiscal 2026 EPS guidance of $1.95–$2.00.
• The company has a market capitalization of approximately $3.74 billion and a notably high price-to-earnings ratio of 679. Institutional investors own 89.06% of outstanding shares, including significant positions held by BlackRock and Ameriprise Financial.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) was up 10% on Monday . The company traded as high as $32.50 and last traded at $33.1110. Approximately 934,484 shares were traded during trading, a decline of 73% from the average daily volume of 3,427,959 shares. The stock had previously closed at $30.11.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Susquehanna upped their price objective on Tenable from $26.00 to $36.00 and gave the stock a "positive" rating in a report on Thursday, July 30th. Cantor Fitzgerald raised their price objective on Tenable from $30.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Wedbush downgraded Tenable from an "outperform" rating to an "underperform" rating and set a $29.00 target price for the company. in a research report on Thursday. Canaccord Genuity Group boosted their target price on Tenable from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on Tenable from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $34.68.

Tenable Trading Up 12.8%

The firm's 50-day simple moving average is $35.88 and its 200-day simple moving average is $27.49. The firm has a market capitalization of $3.74 billion, a PE ratio of 679.04 and a beta of 0.96. 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 released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS 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 quarter in the previous year, the business earned $0.34 earnings per share. The company's quarterly 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. Equities analysts expect that Tenable Holdings, Inc. will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Tenable

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Tenable during the second quarter valued at approximately $498,387,000. Ameriprise Financial Inc. boosted its position in Tenable by 11.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company's stock valued at $209,354,000 after buying an additional 713,291 shares during the period. California State Teachers Retirement System grew its holdings in Tenable by 3,258.3% in the 2nd quarter. California State Teachers Retirement System now owns 4,807,898 shares of the company's stock worth $177,315,000 after acquiring an additional 4,664,733 shares during the last quarter. First Trust Advisors LP increased its position in shares of Tenable by 31.8% in the fourth quarter. First Trust Advisors LP now owns 4,243,625 shares of the company's stock valued at $99,852,000 after acquiring an additional 1,023,671 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Tenable by 175.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company's stock valued at $63,131,000 after acquiring an additional 2,375,587 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other 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.

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.