Tenable (NASDAQ:TENB) Trading Down 5.5% - Should You Sell?

Key Points

• Tenable shares fell 5.5% to approximately $36.03 in low-volume trading, while the stock remains above its 50-day and 200-day moving averages.
• Analyst views are mixed: eight rate Tenable a Buy, eleven a Hold, and one a Sell. The consensus rating is Hold, with an average price target of $34.68.
• Tenable exceeded quarterly expectations, reporting $0.51 in EPS and $268.51 million in revenue, with revenue up 8.6% year over year. Institutional investors hold approximately 89.1% of the company’s shares.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) was down 5.5% during trading on Tuesday . The company traded as low as $36.15 and last traded at $36.0340. Approximately 415,664 shares were traded during mid-day trading, a decline of 88% from the average session volume of 3,340,958 shares. The stock had previously closed at $38.15.

Wall Street Analysts Forecast Growth

Several analysts have commented on TENB shares. Cantor Fitzgerald raised their target price on shares of Tenable from $30.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Truist Financial dropped their price objective on Tenable from $40.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, July 30th. Barclays reduced their target price on shares of Tenable from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Canaccord Genuity Group upped 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, Susquehanna boosted their price target on shares of Tenable from $26.00 to $36.00 and gave the stock a "positive" rating in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $34.68.

Tenable Price Performance

The firm has a market capitalization of $3.92 billion, a P/E ratio of 711.44 and a beta of 0.94. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The business's fifty day moving average is $35.80 and its 200 day moving average is $26.72.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The company 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 firm posted $0.34 EPS. The business's revenue was up 8.6% compared to the same quarter last year. 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, analysts forecast that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TENB. GAMMA Investing LLC boosted its holdings in Tenable by 36.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,524 shares of the company's stock worth $93,000 after buying an additional 671 shares during the period. Fulton Bank N.A. lifted its position in Tenable by 7.0% in the 1st quarter. Fulton Bank N.A. now owns 11,645 shares of the company's stock valued at $197,000 after acquiring an additional 758 shares in the last quarter. Quarry LP purchased a new stake in shares of Tenable during the third quarter valued at $25,000. Cerity Partners LLC increased its stake in shares of Tenable by 10.8% in the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company's stock valued at $233,000 after purchasing an additional 965 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in Tenable by 4.7% in the 4th quarter. ProShare Advisors LLC now owns 22,208 shares of the company's stock valued at $523,000 after purchasing an additional 997 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable's product suite is Nessus, one of the industry's most widely adopted vulnerability scanners.

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